2925 Lancaster Dr NE - Freestanding FOR SALE


Salem, OR 97305
$5,980,000 USD
541-686-1415
2925 Lancaster Dr NE, Salem, OR for Sale
$5,980,000 USD
Freestanding - FOR SALE
1/5
null | 5.2% Cap Rate

2925 Lancaster Dr NE
Salem, OR 97305


HIGHLIGHTS

  • PetSmart is located on Lancaster Dr., which is one of the busiest arterials in Salem, OR.
  • PetSmart is within the overall neighborhood Shopping Center of Grocery Outlet, Planet Fitness, O'Reilly's Auto Parts & Dollar Tree.

OVERVIEW

PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. They operate more than 1,650 stores across the United States, Canada and Puerto Rico. They have a revenue in excess of $9.6 Billion in 2023 and Forbes ranked PetSmart as the 53rd largest private company in the United States. PetSmart has two (2) additional five year option periods after June 30, 2030 in their current NNN Lease. The current Lease expires on June 30, 2030. To date, PetSmart has operated in excess of 23 years at this location.

FOR SALE DETAILS

PRICE

$5,980,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PetsMart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

CR

APN/PARCEL ID

559285

ASK ABOUT THIS PROPERTY

Allen RugglesRuggles Commercial RealtyMore Info
541-686-1415

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Allen RugglesRuggles Commercial RealtyMore Info
541-686-1415

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