McMinnville Market Center 615-697 SW Keck Dr 74,400 SF 100% Leased Retail Building McMinnville, OR 97128 $19,208,789 CAD ($258.18 CAD/SF) 7% Cap Rate

McMinnville Market Center presents a fully stabilized, grocery-anchored retail investment opportunity in McMinnville, Oregon, at the heart of the state’s renowned wine country. The center spans 74,313 SF and is 100% leased under a triple-net (NNN) structure, providing investors with predictable cash flow and minimal landlord responsibilities. Anchored by a 53,639 SF Albertsons—the dominant grocery operator in the region—through April 2029, the property features a diversified tenant mix including Starbucks (drive-thru), Snap Fitness 24/7, AT&T Wireless, Sally Beauty, and other service-oriented tenants that cater to daily consumer needs.
Positioned along Highway 99W with more than 431 feet of frontage and daily traffic counts exceeding 18,800 vehicles, the property enjoys exceptional visibility and access. Its strategic location places it within McMinnville’s primary retail trade area, minutes from Walmart, Home Depot, Linfield University, and major regional employment hubs. McMinnville Market Center benefits from a robust local economy driven by healthcare, education, manufacturing, and Oregon’s leading wine tourism industry, attracting over 500,000 annual visitors.
Offered at $14,041,512 with a 7.0% cap rate and generating over $982,000 in annual net operating income, this institutional-quality asset combines long-term tenancy, grocery-anchor stability, and an infill location within a growing market. With strong regional connectivity—45 minutes to Portland and 35 minutes to the Oregon Coast—this property offers a rare opportunity to acquire a high-performing retail center in one of the Pacific Northwest’s most coveted and dynamic markets.