398 Lancaster Dr NE - Fast Food FOR SALE


Salem, OR 97301- East Lancaster
$1,800,000 USD
818-292-3175
398 Lancaster Dr NE, Salem, OR for Sale
$1,800,000 USD
Fast Food - FOR SALE
1/11
null | 5.38% Cap Rate

398 Lancaster Dr NE
Salem, OR 97301
East Lancaster


HIGHLIGHTS

  • Absolute NNN Dairy Queen with 11.6 Years Remaining
  • Strategic Retail Location with Strong Underlying Asset Fundamentals
  • Prime Salem Location with Regional Connectivity and Strong Retail Adjacencies

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 398 Lancaster Dr NE, a 2,409 SF single tenant absolute NNN Dairy Queen on a long-term lease situated on 0.54 acres (23,522 SF) positioned on a corner along Lancaster Dr NE less than 0.5 miles from the Willamette Town Center in heart of Salem, OR.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$747 USD /SF

CAP RATE

5.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

CR

APN/PARCEL ID

542868

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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