115 E Columbia River Hwy - Freestanding FOR SALE


Clatskanie, OR 97016
$1,828,000 USD
650-279-5790
115 E Columbia River Hwy, Clatskanie, OR for Sale
$1,828,000 USD
Freestanding - FOR SALE
1/5
null | 6.85% Cap Rate

115 E Columbia River Hwy
Clatskanie, OR 97016


HIGHLIGHTS

  • Absolute NNN corporate lease with zero landlord responsibility
  • Attractive 10% fixed rent increase every 5 year option period
  • Property offers excellent frontage onto East Columbia River Highway
  • Ideal location in the center of the city surrounded by other commercial businesses

OVERVIEW

Great opportunity to purchase an established Dollar General store in a community with a reported 4,000 residents within a 5-mile radius situated just 50 miles northwest of Portland. The property is situated on a +/-1.05 acres of land providing ample on-site customer parking. Approximately 9 years remaining on the corporate backed absolute NNN lease with 10% fixed rent increases at the beginning of each 5 year option period.

FOR SALE DETAILS

PRICE

$1,828,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C1

APN/PARCEL ID

0501074080430070000

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.