2250 14th Ave SE - Freestanding FOR SALE


Albany, OR 97322
$1,660,000 USD
503-957-7945
2250 14th Ave SE, Albany, OR for Sale
$1,660,000 USD
Freestanding - FOR SALE
1/10
null | 6.25% Cap Rate

2250 14th Ave SE
Albany, OR 97322


HIGHLIGHTS

  • All tenants are operating on NNN leases, minimizing landlord responsibilities
  • Diverse mix of national and regional service-oriented tenants
  • Pad to Heritage Plaza, a primary retail center anchored by a high-performing Safeway
  • Property is situated in heart of Albany’s retail market - nearby regional centers include Heritage Mall, Albany Plaza, and Fred Meyer-anchored center
  • Proximity to Hwy 20 and I-5 provide easy access to the Property and consistent vehicle traffic
  • Low submarket vacancy and staggered lease expirations allow for opportunity to push rents while minimizing turnover risk

OVERVIEW

The Offering presents a prime investment opportunity with a well-located retail asset featuring a NNN lease structure, minimizing landlord responsibilities. The Property hosts a diverse mix of national and regional service-oriented tenants, ensuring steady foot traffic and reliable income. Positioned as a pad to Heritage Plaza—one of Albany’s regional centers anchored by a high-performing Safeway and Marshalls—the site benefits from strong consumer draw and visibility. Located in the heart of Albany’s retail market, the property is surrounded by major regional shopping destinations, including Heritage Mall, Albany Plaza, and a Fred Meyer-anchored center. Easy access to Highway 20 and I-5 further enhances connectivity and ensures consistent vehicle traffic. Additionally, the submarket’s low vacancy rate, combined with staggered lease expirations, creates an opportunity to push rents while minimizing turnover risk. With its strategic location, strong tenant mix, and minimal management requirements, this asset offers a compelling investment in a thriving retail corridor.

FOR SALE DETAILS

PRICE

$1,660,000 USD

PRICE/SF

$327 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Plaza Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

RC

APN/PARCEL ID

0872230

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

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