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DOLLAR GENERAL | ABSOLUTE NET LEASE 203 Pacific Ave 7,520 SF Retail Building Glendale, OR 97442 $1,593,600 ($211.91/SF) 7.50% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s & Annual Revenue Exceeding $4B.
- Proximity to Regional Gaming and Resort - Within the Same Broader Douglas County Regional Draw as Seven Feathers Casino Resort in Canyonville.
- Located directly along Pacific Avenue (OR-99) - Primary Commercial Corridor through Glendale, providing Strong Daily Visibility to Commuter Traffic.
- Conveniently Located approximately 2.7 Miles from Interstate 5, supporting Strong Access for Regional Trips, Deliveries, and Pass-Through Traffic.
- The Property benefits from proximity to Popular Outdoor Destinations including Cow Creek Recreation Area, Rogue River Fishing Areas, and more.
Executive Summary
Dollar General | Absolute Net Lease | Along Pacific Avenue (OR-99) - Glendale’s Primary Commercial Roadway | Minutes from Interstate-5 | Near Popular Outdoor Destinations | Proximity to Regional Gaming and Resort | Amazon Resistant Investment Grade Retail Asset
Oregon Broker of Record: David Tabata | 111 SW 5th Ave., Suite 1950 Portland, OR 97204 | P: (503) 200-2000 | Lic #: 201224889 | David.Tabata@MarcusMillichap.com
Oregon Broker of Record: David Tabata | 111 SW 5th Ave., Suite 1950 Portland, OR 97204 | P: (503) 200-2000 | Lic #: 201224889 | David.Tabata@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,520 SF
Building Class
B
Year Built
2017
Price
$1,593,600
Price Per SF
$211.91
Cap Rate
7.50%
NOI
$119,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.81 AC
Zoning
C
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 7,520 SF
- -
- Triple Net
- Nov 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 7,520 SF | - | Triple Net | Nov 2032 |
Property Taxes
| Parcel Number | R42838 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $906,956 |
Property Taxes
Parcel Number
R42838
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$906,956
Contacts
-
Alvin Mansour -
Jon Talia -
Thomas McCartin -
The Mansour Group of Marcus & Millichap
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DOLLAR GENERAL | ABSOLUTE NET LEASE | 203 Pacific Ave
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