332 E 5th Ave - Freestanding FOR SALE


Riddle, OR 97469
$2,195,000 USD
480-252-0226
332 E 5th Ave, Riddle, OR for Sale
$2,195,000 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

332 E 5th Ave
Riddle, OR 97469


HIGHLIGHTS

  • New Construction with Long-Term Lease Commitment
  • Strong National Tenant with Stable Performance
  • Attractive Rent Increases and Long-Term Security
  • Proven Retail Location with Limited Competition

OVERVIEW

Surmount is pleased to present the exclusive listing for a located at 332 East 5th Avenue, Riddle, OR 97469. The site consists of roughly 9,311 rentable square feet of building space on an estimated 1.01-acre parcel of land. Dollar General is subject to a 15.01-year Triple Net (NNN) lease, which commenced 1/24/2021. The current annual rent is $142,728 and has scheduled increases of 10.00% At Start of Each Option Period.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,582 SF

ZONING

GC

APN/PARCEL ID

R120783

ASK ABOUT THIS PROPERTY

Jonathan EckerdSurmountMore Info
480-252-0226

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Jonathan EckerdSurmountMore Info
480-252-0226

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