340 N 3rd St - Freestanding FOR SALE


Harrisburg, OR 97446
$2,322,000 USD
503-946-4913
340 N 3rd St, Harrisburg, OR for Sale
$2,322,000 USD
Freestanding - FOR SALE
1/6
null | 6.3% Cap Rate

340 N 3rd St
Harrisburg, OR 97446


OVERVIEW

- Established National Operator – Dollar General (NYSE: DG) offers a broad selection of merchandise, including consumables, seasonal, home products and apparel. Dollar General is one of the largest dollar store chains in the US, appealing for its lower price points, respectable sales record, and corporate expansion strategy in a growing market segment - Long-Term, Corporate Absolute NNN Lease – Around 7 years remaining (2032 expiration) from the 15-year base term with three additional 5-year renewal options providing a stable hands-off investment opportunity with no Landlord responsibilities - Scheduled Rental Increases – The lease is structured with 10% rental increases every 5 years, an attractive investment attribute providing significant income growth and a strong hedge against inflation - Dominant Local Retailer – Dollar General stands out as one of the few retailers in Harrisburg, OR, offering a wide range of products, making it a convenient one-stop shop for consumers, capitalizing on the limited competition in the area - Excellent Visibility on Primary Thoroughfare – The property benefits from over 340 feet of frontage and significant monument signage on a signalized intersection along Route 99E / N 3rd St, the daily resident and commuter route

FOR SALE DETAILS

PRICE

$2,322,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C-1

APN/PARCEL ID

15S-04W-09DD-00600

ASK ABOUT THIS PROPERTY

Wes BochnerCBREMore Info
503-946-4913

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Wes BochnerCBREMore Info
503-946-4913

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