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Grocery Outlet 2040 Broadway St 16,678 SF Retail Building North Bend, OR 97459 $4,550,000 ($272.81/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is on a NNN lease with landlord responsible for roof and structural components
- Located at the hard corner of Broadway Ave and Virginia Ave, one of the busiest and most prominent intersections in town
- Newer TPO membrane roof (2017) and in 2024-2025, significant power was added per Grocery Outlet’s requirements
- Grocery Outlet has operated in Coos Bay for 25+ Years and has relocated their store to 2040 Broadway for increased visibility and traffic counts
- The store is the only Grocery Outlet location in Coos County. The nearest locations are between 47 and 110 miles away
- The property is situated on 1.48 acres with 78 parking stalls
EXECUTIVE SUMMARY
Relocation Site - Grocery Outlet has operated in Coos Bay for 25+ Years, nearest store is 47+ miles away. Open and Operating as of June 2025
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
16,678 SF
Building Class
B
Year Built
1996
Price
$4,550,000
Price Per SF
$272.81
Cap Rate
6.60%
NOI
$300,204
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.49 AC
Zoning
CG
Parking
78 Spaces (4.68 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Car Charging Station
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Grocery Outlet
- Retailer
- 16,678 SF
- $18.00
- Triple Net
- May 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Grocery Outlet | Retailer | 16,678 SF | $18.00 | Triple Net | May 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1005795300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,995,470 |
PROPERTY TAXES
Parcel Number
1005795300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,995,470
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Grocery Outlet | 2040 Broadway St
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