615-697 SW Keck Dr - Storefront FOR SALE


McMinnville, OR 97128
$14,041,512 USD
503-200-2061
615-697 SW Keck Dr, McMinnville, OR for Sale
$14,041,512 USD
Storefront - FOR SALE
1/11
null | 7% Cap Rate

615-697 SW Keck Dr
McMinnville, OR 97128


HIGHLIGHTS

  • Grocery-anchored by Albertsons with lease extending through April 2029.
  • 100% leased triple-net center delivering stable passive income and insulation from single-tenant risk.
  • Exceptional visibility along Highway 99W with 431 feet of frontage and traffic counts over 18,800 VPD.
  • Diverse tenant mix including Starbucks, Snap Fitness, AT&T Wireless, and Sally Beauty catering to daily necessities.
  • Located in McMinnville’s primary retail hub, minutes from Walmart, Safeway, and Home Depot, with proximity to Linfield University & Evergreen Museum
  • Positioned within Oregon’s wine country tourism corridor, drawing over 500,000 visitors annually and supported by a growing regional population base.

OVERVIEW

McMinnville Market Center presents a fully stabilized, grocery-anchored retail investment opportunity in McMinnville, Oregon, at the heart of the state’s renowned wine country. The center spans 74,313 SF and is 100% leased under a triple-net (NNN) structure, providing investors with predictable cash flow and minimal landlord responsibilities. Anchored by a 53,639 SF Albertsons—the dominant grocery operator in the region—through April 2029, the property features a diversified tenant mix including Starbucks (drive-thru), Snap Fitness 24/7, AT&T Wireless, Sally Beauty, and other service-oriented tenants that cater to daily consumer needs. Positioned along Highway 99W with more than 431 feet of frontage and daily traffic counts exceeding 18,800 vehicles, the property enjoys exceptional visibility and access. Its strategic location places it within McMinnville’s primary retail trade area, minutes from Walmart, Home Depot, Linfield University, and major regional employment hubs. McMinnville Market Center benefits from a robust local economy driven by healthcare, education, manufacturing, and Oregon’s leading wine tourism industry, attracting over 500,000 annual visitors. Offered at $14,041,512 with a 7.0% cap rate and generating over $982,000 in annual net operating income, this institutional-quality asset combines long-term tenancy, grocery-anchor stability, and an infill location within a growing market. With strong regional connectivity—45 minutes to Portland and 35 minutes to the Oregon Coast—this property offers a rare opportunity to acquire a high-performing retail center in one of the Pacific Northwest’s most coveted and dynamic markets.

FOR SALE DETAILS

PRICE

$14,041,512 USD

PRICE/SF

$189 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McMinnville Market Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

CROSS STREETS

Hwy 99

LAND ACRES

6.82 AC

LAND SF

297,084 SF

ZONING

C-3

APN/PARCEL ID

173993

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

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