3255 Lancaster Dr NE
Salem, OR 97305
Retail Property For Sale

We are pleased to present for sale Dairy Queen in Salem, OR The subject property is a well-established Dairy Queen Grill & Chill operating as a full-service location offering the brand's complete food menu alongside its iconic soft-serve treats — delivering the full DQ experience that has made it one of America's most beloved quick-service restaurant concepts. Strategically positioned on Lancaster Drive NE, the property benefits from outstanding visibility and accessibility along one of Salem, Oregon's premier retail thoroughfares.
The immediate trade area is anchored by a dense concentration of national and regional tenants including Walmart, Ross, PetSmart, Dollar Tree, Safeway, and Fred Meyer, as well as the Willamette Town Center — a regional mall spanning over 635,000 square feet with more than 80 specialty retailers — driving consistent, high-volume consumer traffic daily and reinforcing the subject property's position as a go-to destination for the surrounding community. Salem, Oregon's state capital and second-largest city, provides a strong and stable economic foundation for this investment. With a population exceeding 182,000 residents and an MSA surpassing 400,000, the city's diverse employment base — anchored by state government, Salem Hospital, Kaiser Permanente, and Willamette University — supports a resilient local economy with consistent consumer demand. Median household incomes have grown notably in recent years, reflecting improving economic conditions throughout the metro area.
This offering presents investors with the opportunity to acquire a stable, tenant-occupied asset backed by a nationally recognized brand, benefiting from predictable cash flow supported by Salem's government-anchored economy and one of the most heavily trafficked retail corridors in the Willamette Valley.