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615-697 SW Keck Dr
McMinnville, OR 97128
McMinnville Market Center · Retail Property For Sale


Investment Highlights
- Anchored by Albertsons (53,639 SF), one of America's leading grocery operators with superior covenant strength.
- Strategically positioned with 431 feet of frontage along Highway 99W with daily traffic counts exceeding 18,800 vehicles.
- Fully stabilized with 74,313 SF of income-producing retail space across the main center and Starbucks-anchored outparcel
- Superior market positioning with connectivity to Portland metro (45 minutes) and Oregon Coast (35 minutes)
Executive Summary
We are pleased to present for sale the McMINNVILLE MARKET CENTER, a premier institutional-grade neighborhood retail center located at 615-697 SW Keck Drive in McMinnville, Oregon (Population 34,319). This exceptional investment comprises a fully-stabilized 70,313 SF center anchored by Albertsons, complemented by a 4,000 SF outparcel featuring Starbucks, totaling 74,313 SF within Yamhill County's wine country region. Strategically positioned with 431 feet of frontage along Highway 99W, the property commands exceptional visibility with daily traffic counts exceeding 18,800 vehicles, serving both Yamhill County's 110,000+ residents and over 500,000 annual wine country tourists.
The property features Albertsons (53,639 SF, lease through April 2029) as anchor, with national tenants including Starbucks (drive-thru), AT&T Wireless, Snap Fitness 24/7, and Sally Beauty, creating diversified income across 11 total tenants serving daily necessity retail demand. Located within McMinnville's dominant retail corridor near Walmart Supercenter, Home Depot, and Safeway, the center benefits from proximity to Linfield University, Providence Willamette Valley Medical Center, and Evergreen Aviation & Space Museum, ensuring consistent demand from McMinnville's diverse economic base combining healthcare, education, manufacturing, and world-class wine production.
This represents an outstanding opportunity for investors seeking stable, grocery-anchored retail income in a proven growth market. With strategic positioning within Oregon's premier wine tourism destination, superior connectivity to Portland (45 minutes) and Oregon Coast (35 minutes), and professional-grade infrastructure, McMinnville Market Center is a compelling acquisition in one of the Pacific Northwest's most dynamic retail markets.
The property features Albertsons (53,639 SF, lease through April 2029) as anchor, with national tenants including Starbucks (drive-thru), AT&T Wireless, Snap Fitness 24/7, and Sally Beauty, creating diversified income across 11 total tenants serving daily necessity retail demand. Located within McMinnville's dominant retail corridor near Walmart Supercenter, Home Depot, and Safeway, the center benefits from proximity to Linfield University, Providence Willamette Valley Medical Center, and Evergreen Aviation & Space Museum, ensuring consistent demand from McMinnville's diverse economic base combining healthcare, education, manufacturing, and world-class wine production.
This represents an outstanding opportunity for investors seeking stable, grocery-anchored retail income in a proven growth market. With strategic positioning within Oregon's premier wine tourism destination, superior connectivity to Portland (45 minutes) and Oregon Coast (35 minutes), and professional-grade infrastructure, McMinnville Market Center is a compelling acquisition in one of the Pacific Northwest's most dynamic retail markets.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
74,400 SF
Building Class
B
Year Built
2004
Price
$20,717,999 CAD
Price Per SF
$278.47 CAD
Cap Rate
6.55%
NOI
$1,357,590 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
6.82 AC
Zoning
C-3
Parking
200 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
431’ on 99W Hwy
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 173993 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,540,978 CAD |
Property Taxes
Parcel Number
173993
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,540,978 CAD
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