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1241 SE Clay St 24,876 SF 100% Leased Retail Building Albany, OR 97322 $8,450,000 ($339.68/SF) 6.54% Cap Rate

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EXECUTIVE SUMMARY

Prime investment opportunity. High traffic retail corridor of Albany. 25,02 square feet of building space. 1.85 acres. 3 Retail/Office Spaces. 100% occupied with diverse stable tenancy. Abundant parking, substantial signage, newly built tenant and property improvements. Under contract with contingencies.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
24,876 SF
Building Class
B
Year Built/Renovated
1975/2017
Price
$8,450,000
Price Per SF
$339.68
Cap Rate
6.54%
NOI
$552,630
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.31
Lot Size
1.86 AC
Zoning
RC - Regional Commercial
Parking
111 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
250’ on Clay Street SE

AMENITIES

  • Pylon Sign
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Fiber Optic Internet

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Assurant is a leading global provider of comprehensive risk management solutions for the auto, lifestyle, and housing protection sectors. They help businesses manage the risks of property damage, liability, and financial loss, theft, and natural disasters. They design insurance, protection products, and support services that help businesses provide premium customer experiences and inspire deeper customer loyalty. Their teams combine digital intelligence and expert human insight to deliver the support and protection people need to take full advantage of the connected world. Assurant traces its roots back to 1892 when LaCrosse Mutual Aid Association began offering disability insurance. Lacrosse later changed its name to Time Insurance Company.

  • Norco, Inc.
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • State of Oregon
  • Public Administration
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance 99,999 SF - Lorem Ipsum Jan 0000
Norco, Inc. Health Care and Social Assistance 99,999 SF - Lorem Ipsum Jan 0000
State of Oregon Public Administration 99,999 SF - Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Safeway
Grocery Outlet
Applebee's
Red Robin
Fred Meyer Grocery Pickup And Delivery
Peet's Coffee
Dutch Bros
U.S. Bank
Carino's Italian

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0430138
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,440,380
  • Listing ID: 38309310

  • Date on Market: 11/3/2025

  • Last Updated:

  • Address: 1241 SE Clay St, Albany, OR 97322

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