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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
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,360 SF
Building Class
C
Year Built/Renovated
1986/2023
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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