1908 1st St
Tillamook, OR 97141
Retail Property For Sale

Property Highlights: 2,450 sq. ft. building with lot size is 25 feet wide x 100 feet deep. Originally built in 1910 and completely rebuilt in 2015 with new roof, doors, windows, HVAC, electrical and plumbing. Has increased insulation, LED lighting & very efficient heat pump heating and cooling. Meets current ADA guidelines and has 2 ADA restrooms. Great visibility from Hwy. 101 and excellent location with traffic counts of 10,600 daily. Close to Pelican Brewery, Degarde Brewery and many other local business’s and retailers. Large parking lot nearby. CC Zoning; Community commercial zoning allowing office and retail uses. Completed Phase I & II report with no further action letter from DEQ. Site was a dry cleaners around 1940. Lease Highlights: Tenant is an authorized Verizon Wireless retailer. Quality tenants with 152.4 million in annual revenues and 550 employees. Tenants are one year into a 5 year lease with option to renew for another 5 years. Current rent $3,090.00 + $250.00 NNN 3% annual increases NNN lease. Tenant pays all cost including insurance and property taxes.