575 Main Ave N - Freestanding FOR SALE


Tillamook, OR 97141
$795,000 USD
503-349-4892
575 Main Ave N, Tillamook, OR for Sale
$795,000 USD
Freestanding - FOR SALE
1/5
null | 9.5% Cap Rate

575 Main Ave N
Tillamook, OR 97141


HIGHLIGHTS

  • Located in the heart of Tillamook on Hwy 101
  • Renovated in 2016
  • Large, paved parking area
  • Close to McDonalds, Fred Meyer and Safeway

OVERVIEW

Sale Leaseback with Oregon's largest cannabis retailer. 47+ locations including California and Ohio. New 10-year lease at closing with 2% annual rate increases. Five 5-year options. Prominent Hwy frontage on US 101 in the heart of Tillamook. Tillamook County has over 28,000 residents and the City of Tillamook provides retail services to the surrounding areas. This Nectar location is just south of McDonalds and the Tillamook Creamery, the largest employer in the county. The two major grocery retailers in Tillamook County, Fred Meyer and Safeway, are both located in the City of Tillamook. Nectar is conveniently located between these two stores. The primary access route from the Portland Metro area to Tillamook is via Hwy 6. Nectar is the first dispensary after Hwy 6 traffic merges north on Hwy 101. Nectar is using sale leaseback transactions to free up capital to fund their continued growth.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$414 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

TM-C-H

APN/PARCEL ID

R0121013

ASK ABOUT THIS PROPERTY

Bud HosnerRussell Hosner LLCMore Info
503-349-4892

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Bud HosnerRussell Hosner LLCMore Info
503-349-4892

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