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Single-Tenant NNN Investment Opportunity 1447 N 99 Hwy 9,360 SF Retail Building Cottage Grove, OR 97424 $899,000 ($96.05/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased to Calvary Church through October 2029 (NNN lease)
- Recent upgrades: new TPO roof (2022), landscaping (2023), prior interior remodels
- Shared monument signage and common area agreement with neighboring tenants
- 9.0% cap rate with 3% annual rent increases
- High-visibility location on Pacific Hwy near I-5 interchange
- Tenant pays all NNN expenses except roof membrane & HVAC replacement
EXECUTIVE SUMMARY
Fully leased ±9,360 SF NNN investment with Calvary Church through 2029. Recent roof, ADA upgrades & shared signage. Strong Hwy 99 visibility near I-5 in Cottage Grove. 9.0% cap rate. The property sits within the Village Center, alongside Dollar General, Goodwill, and Torero’s Mexican Restaurant, with a common area agreement and shared monument signage in place.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,360 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
$899,000
Price Per SF
$96.05
Cap Rate
9%
NOI
$80,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.91 AC
Zoning
C2P
Parking
28 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
163’ on Withycombe Ave
NEARBY MAJOR RETAILERS
1 of 6
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Single-Tenant NNN Investment Opportunity | 1447 N 99 Hwy
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