2230 Main Ave N - Freestanding FOR SALE


Tillamook, OR 97141
$3,100,000 USD
503-781-8786
2230 Main Ave N, Tillamook, OR for Sale
$3,100,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

2230 Main Ave N
Tillamook, OR 97141


OVERVIEW

• NNN lease structures for both Tenants offers limited Landlord responsibilities. • Two-tenant outparcel of high-performing Fred Meyer. • Only Starbucks drive-thru within an hour to the south and north. • Denny’s has been at this location for over 16 years and offers potential upside through percentage rent of 7%. • Located directly on US Highway 101, Oregon’s most highly trafficked coastal highway, benefiting from over 17,359 vehicles per day. • Growing economy based on tourism, with a 234% increase in lodging tax collected between 2014-2022, reflective of tourism dollars spent. • Situated along a retail corridor with notable national tenants including Fred Meyer, McDonald’s, O’Reilly Auto Parts, Dutch Bros, Grocery Outlet, and adjacent to a Burger King.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's & Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,722 SF

ZONING

HC-Highway Commercial

APN/PARCEL ID

R0397491

ASK ABOUT THIS PROPERTY

Scott FrankNorthmarqMore Info
503-781-8786

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Scott FrankNorthmarqMore Info
503-781-8786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.