1875-2255 14th Ave SE | Albany, OR 97322
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1875-2255 14th Ave SE
Albany, OR 97322
Hobby Lobby | New 10-Year Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent 10-year extension and strong historical occupancy
- Significantly below market rent | Scheduled rent increases
- Minimal landlord responsibilities | Transferable roof warranty
- High barrier to entry sub-market with .9% vacancy rate
- Strong corporate guarantee/national tenant
- AAA location in the dynamic Albany, OR trade area | Strong, affluent demographics with strong population growth
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
139,597 SF
Building Class
B
Year Built/Renovated
1988/2024
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.15
Lot Size
20.91 AC
Zoning
CR - Commercial
Parking
1,898 Spaces (13.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Food Court
- Pylon Sign
- Signage
- Kiosk/Cart Space
- Enclosed Mall
PROPERTY TAXES
| Parcel Number | 0105433 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $8,368,930 |
PROPERTY TAXES
Parcel Number
0105433
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,368,930
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