717 Geary St SE - Freestanding FOR SALE


Albany, OR 97321
$5,440,000 USD
952-356-0100
717 Geary St SE, Albany, OR for Sale
$5,440,000 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

717 Geary St SE
Albany, OR 97321


HIGHLIGHTS

  • Daily-Needs Tenancy: Petco and Gentle Dental offer essential, service-based retail and healthcare, driving consistent traffic and demand.
  • Top-Performing Petco: Ranks in the 87th percentile nationally with 248K annual visits (Placer.ai).
  • Durable Occupancy: Petco has operated for 17+ years and Gentle Dental for ~13 years, demonstrating long-term location strength.
  • Prime Retail Location: Positioned in Albany’s core retail corridor near Heritage Mall, a 407K SF regional center with 3.5M+ annual visits.
  • Strong Regional Access: Located at the Hwy 20 and OR 99E interchange with direct I-5 access and 68K+ daily traffic counts.
  • Growing, Diverse Market: Steady population and income growth, diverse employment base, and a tight 2.8% retail vacancy rate.

OVERVIEW

The Offering provides the opportunity to acquire a two-tenant retail building 100% occupied by national brands Petco and Gentle Dental. The Property is located within Albany’s primary retail corridor, adjacent to Heritage Mall, the region’s dominant shopping destination serving Linn and Benton counties. Petco has operated at the site continuously since the building’s development in 2008 and operates in the top 87% of all locations nationally (per Placer.ai) and Gentle Dental has occupied the premises for over 13 years. The Property benefits from immediate access to the Pacific Boulevard / Santiam Highway interchange, with direct connectivity to Interstate 5, providing strong visibility, access, and consistent traffic exposure exceeding 35,000 vehicles per day.

FOR SALE DETAILS

PRICE

$5,440,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petco & Gentle Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

CC

APN/PARCEL ID

0104212

ASK ABOUT THIS PROPERTY

Kevin AdattoNorthmarqMore Info
952-356-0100

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Kevin AdattoNorthmarqMore Info
952-356-0100

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