Log In/Sign Up
Your email has been sent.
Dairy Queen 398 Lancaster Dr NE 2,406 SF Retail Building Salem, OR 97301 $2,435,880 CAD ($1,012.42 CAD/SF) 5.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Dairy Queen with 11.6 Years Remaining
- Prime Salem Location with Regional Connectivity and Strong Retail Adjacencies
- Strategic Retail Location with Strong Underlying Asset Fundamentals
EXECUTIVE SUMMARY
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 398 Lancaster Dr NE, a 2,409 SF single tenant absolute NNN Dairy Queen on a long-term lease situated on 0.54 acres (23,522 SF) positioned on a corner along Lancaster Dr NE less than 0.5 miles from the Willamette Town Center in heart of Salem, OR.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,406 SF
Building Class
B
Year Built
1980
Price
$2,435,880 CAD
Price Per SF
$1,012.42 CAD
Cap Rate
5.55%
NOI
$135,181 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Zoning
CR - Commercial
Parking
32 Spaces (13.3 Spaces per 1,000 SF Leased)
Frontage
72’ on Lancaster Dr
AMENITIES
- Pylon Sign
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
International Dairy Queen Inc., (IDQ), headquartered in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation and Dairy Queen Canada, Inc. Through its subsidiaries, IDQ develops, licenses and services a system of many DQ restaurants in many countries. IDQ is a subsidiary of Berkshire Hathaway Inc., which is led by Warren Buffett, the legendary investor and CEO of Berkshire.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 542868 | Improvements Assessment | $502,836 CAD |
| Land Assessment | $533,802 CAD | Total Assessment | $1,036,638 CAD |
PROPERTY TAXES
Parcel Number
542868
Land Assessment
$533,802 CAD
Improvements Assessment
$502,836 CAD
Total Assessment
$1,036,638 CAD
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Dairy Queen | 398 Lancaster 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.