1302 Lancaster Dr NE | Salem, OR 97301
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- LoopNet Team
1302 Lancaster Dr NE
Salem, OR 97301
Olive Garden (Ground Lease) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 30+ YEAR HISTORICAL OCCUPANCY AND EARLY 14-YEAR LEASE
- STRONG 2021 TENANT OPERATING PERFORMANCE
- AAA I-5 CORRIDOR LOCATION WITH STRONG VISIBLITY AND ACCESS
- INVESTMENT GRADE CREDIT (S&P “BBB-“) AND STRONG CORPORATE OPERATOR
- LARGE 2.89 ACRE LOT WITH 19,000 SF BUILDABLE PAD
- ABSOLUTE NNN GROUND LEASE
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,155 SF
Building Class
C
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.89 AC
Zoning
CR
Frontage
102’ on Lancaster Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 576497 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,595,570 |
PROPERTY TAXES
Parcel Number
576497
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,595,570
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