Log In/Sign Up
Your email has been sent.
US Foods CHEF’STORE 1355 Salem Industrial Dr NE 19,600 SF Retail Building Salem, OR 97301 $3,432,572 CAD ($175.13 CAD/SF) 6% Cap Rate
Investment Highlights
- 5-years remaining on lease term
- Major tenant renovation in 2021
- Below market rent and provides long term upside potential
Executive Summary
- 5-years remaining on lease term
- Two 5-year options remaining with 8% bumps in rent
- US Foods is a publicly traded company (NYSE: USFD) with a BB+ credit rating
- NNN lease
- Below market rent provides long term upside potential
- 1981 construction
- Major tenant renovation in 2021
- Two 5-year options remaining with 8% bumps in rent
- US Foods is a publicly traded company (NYSE: USFD) with a BB+ credit rating
- NNN lease
- Below market rent provides long term upside potential
- 1981 construction
- Major tenant renovation in 2021
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,600 SF
Building Class
B
Year Built/Renovated
1981/2021
Price
$3,432,572 CAD
Price Per SF
$175.13 CAD
Cap Rate
6%
NOI
$205,954 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
1.82 AC
Zoning
IG - General Industrial
Parking
44 Spaces (2.24 Spaces per 1,000 SF Leased)
Frontage
224’ on Salem Industrial Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 589753 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,555,656 CAD |
Property Taxes
Parcel Number
589753
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,555,656 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
US Foods CHEF’STORE | 1355 Salem Industrial Dr NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.