2429 NW Highway 101 - Supermarket FOR SALE
Lincoln City, OR 97367 |
2429 NW Highway 101
Lincoln City, OR 97367
HIGHLIGHTS
- Prime Coastal Location, Strong National Tenancy, and Long-Term Lease
- Corporate-Guaranteed Lease (NASDAQ: GO): Grocery Outlet operating over 530 stores nationwide and projected $4.7 in revenue
- 15-Year NNN Lease: (5) Five-year renewal options are available, each with an 8.5% rent increase every five years
- High Barriers to Entry: Situated in a supply-constrained infill trade area with limited land for future development
- Tourism Hub: Over 30 million visitors annually to the Oregon Coast, ensuring strong foot traffic and consumer spending in the region.
- Debt-Free Offering: Delivered free-and-clear, ideal for an all-cash purchase or the opportunity to secure new financing
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Freestanding, Storefront, Department Store
TOTAL BUILDING SIZE
14855
STORIES
1
YEAR BUILT
1961
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
R478970
