1800 State St

Salem, OR 97301

• NNN Property
• Office for Sale
• $820,660 CAD
• 2,745 SF

Salem Office for Sale - Marion County

Investment opportunity! Well-located office building leased to a non-profit through October 31, 2028. Current rent is $4,425 per month, with 3% annual increases. The lease is structured as a modified NNN, Tenant reimburses property taxes and Operating Expenses (including insurance) and is responsible for utilities and interior repairs, while Landlord retains responsibility for roof, foundation, exterior walls, and HVAC systems (contingent on Tenant’s proper maintenance). The building provides excellent exposure and building signage fronting State St. The building has 8 parking spaces including one ADA, with additional on-street parking available. The location is highly desirable for medical and professional office users and is centrally positioned for access to downtown Salem, Salem Health, and I-5 (north and southbound). According to FEMA, the majority of the property lies in Zone X, with a small portion on the NE corner in the AE Zone. The property’s MU-II zoning allows for live/work opportunities. The upstairs is currently built out with a kitchenette, two rooms, and a half bath, with potential to add a shower. *Square footage provided by architect and appraiser. Property had two small additions on the main floor in 2017 which differs from County Records. Cap rate calculated on gross annual rent against list price; buyers should underwrite a reserve for Landlord-retained structural/HVAC capital obligations.

Contact:

First Commercial Real Estate

Property Subtype:

Medical

Date on Market:

2026-07-29

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RE Building - 1025 2nd St NW

Salem, OR 97304

• NNN Property
• Office for Sale
• $6,082,536 CAD
• 9,822 SF

• Air Conditioning
• Fitness Center
• Wheelchair Accessible

Salem Office for Sale - Polk County

The Offering presents the opportunity to acquire a stabilized healthcare investment in the affluent and growing West Salem market. Delivered in 2019 by CBTWO Architects, the RE Building was constructed to a top-of-the-line finish, which includes photovoltaic (PV) panels that lower energy consumption and increase operational efficiencies for tenants. The RE Building benefits from its strategic positioning to Oregon Route 22, which connects West Salem to downtown Salem. Additionally, the Property is a 5-minute drive from the Salem Hospital, which recently completed a 200,000+ SF & 150 ICU bed expansion totaling $245M. The RE Building is 98% leased with a WALT of 5.42 years (as of 11/1/26). All tenants have annual rent increases, with the anchor tenant (87% of GLA) operating under a true NNN lease, providing a hedge to increasing inflation. Salem’s medical office vacancy rate of 3.4% further strengthens the investment’s long-term stability. The Property is anchored by Therapy Partners Group, who operates 140+ practice locations throughout 7 U.S. states. Their state-of-the-art buildout includes two professional-grade underwater treadmills and a full indoor track, which are utilized by Division 1 collegiate programs and other major sports teams. The tenant recently executed an early lease extension through September 2032, highlighting their long-term commitment to the RE Building.

Contact:

Northmarq

Property Subtype:

Medical

Date on Market:

2026-06-30

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AutoZone | New 20yr Corp Ground Lease - 325 Main St

Dallas, OR 97338

• NNN Property
• Retail for Sale
• $1,839,013 CAD
• 7,985 SF

Dallas Retail for Sale - Polk County

• Recently signed a brand new 20-year lease with 4 (5-year) option periods to extend, demonstrating their long term commitment to the site • AutoZone Parts Inc. (S&P: BBB) corporate signed lease • Features 5% rental increases every 5 years throughout the initial term and at the beginning of each option, increasing NOI and hedging against inflation • The property features brand new construction, with with modern design and state-of-the-art amenities

Contact:

SRS National Net Lease

Property Subtype:

Auto Repair

Date on Market:

2026-04-28

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5503 Commercial St SE

Salem, OR 97306

• NNN Property
• Retail for Sale
• $3,563,136 CAD
• 2,333 SF

Salem Retail for Sale - Marion County

Surmount is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial Street Southeast, Salem, OR 973 06. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $155,002 and has scheduled increases of 1.75% Annually Starting in June 2029.

Contact:

Surmount

Property Subtype:

Fast Food

Date on Market:

2026-04-08

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STNL-Jack in the Box 20 Year Sale Lease Back - 2020 S Santiam Hwy

Lebanon, OR 97355

• NNN Property
• Retail for Sale
• $3,586,076 CAD
• 2,492 SF

• Air Conditioning

Lebanon Retail for Sale - Linn County

Kidder Mathews is pleased to present 2020 S Santiam Hwy, Lebanon, OR 97355 for sale. This investment opportunity is a free-standing, single-tenant property currently leased to a Jack-In-The-Box franchisee.

Contact:

Kidder Mathews

Property Subtype:

Fast Food

Date on Market:

2026-02-24

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4735 Turner Rd SE

Salem, OR 97317

• NNN Property
• Industrial for Sale
• $6,889,403 CAD
• 27,000 SF

Salem Industrial for Sale - Marion County

In 2006 Sequential Pacific Biodiesel invested $15 million in construction of a state-of-the-art Biofuel Plant. The plant was the first commercial Biodiesel plant in the Pacific Northwest. In 2024 Sequential merged with Mahoney Environmental and became a division of Neste. In addition to the Biofuel Plant, Mahoney Environmental also operates their fuel truck yard, maintenance warehouse, and shop at this location.

Contact:

Kidder Mathews

Property Subtype:

Distribution

Date on Market:

2025-06-17

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