2615 Lancaster Dr NE

Salem, OR 97305
  • $1,600,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 5,928

    SqFt

About the Listing 4 - 17646

This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business. El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance. The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.Updated financials and OM coming soon.Text / Call LA with questions.

Listing Highlights

Status Active
Days on Site 77
Property Type Commercial Sale
MLS ® 839767
Year Built
Total Square Footage 5,928
Lot/Acreage 0.6

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
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Exterior Details

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Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
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2615 Lancaster Dr NE Salem, OR 97305

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Hannah Fouts-Sparks

| Sparks Property Group: Your trusted Oregon realtors | SMI Real Estate

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