5503 Commercial St SE - Fast Food FOR SALE


Salem, OR 97306- South Gateway
$2,583,368 USD
203-253-9455
5503 Commercial St SE, Salem, OR for Sale
$2,583,368 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

5503 Commercial St SE
Salem, OR 97306
South Gateway


HIGHLIGHTS

  • Proximity to Willamette University and Corban University
  • Salem Hospital
  • Strong & Affluent Area Demographics
  • Strong Franchisee Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial Street Southeast, Salem, OR 973 06. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $155,002 and has scheduled increases of 1.75% Annually Starting in June 2029.

FOR SALE DETAILS

PRICE

$2,583,368 USD

PRICE/SF

$1,107 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CR

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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