1256-1264 Lancaster Dr SE | Salem, OR 97317
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1256-1264 Lancaster Dr SE
Salem, OR 97317
Lancaster Marketplace · Retail Property For Sale
Investment Highlights
- Grocery Shadow Anchor: High-performing WinCo with 2.2M annual visits and $100M+ in sales (Placer.ai).
- 100% Occupied: 7.5-year weighted average lease term.
- Rent Growth: 6 of 7 tenants have contractual rent increases.
- New 10-Year Urban Air Lease: NNN, personally guaranteed; opening April 2026.
- Strong Traffic: Signalized corner on Lancaster Dr (30,000+ VPD), adjacent to I-5 / Hwy-22 (180,000+ VPD).
- Recent CapEx: Exterior repaint completed.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
109,289 SF
Building Class
B
Year Built
1991
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
7.35 AC
Zoning
Commercial
Parking
325 Spaces (2.97 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 580555 | Improvements Assessment | $7,530,270 |
| Land Assessment | $3,585,860 | Total Assessment | $11,116,130 |
Property Taxes
Parcel Number
580555
Land Assessment
$3,585,860
Improvements Assessment
$7,530,270
Total Assessment
$11,116,130
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