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2401-2429 NW Highway 101
Lincoln City, OR 97367
Retail Property For Sale
Investment Highlights
- Low Price Point Grocery Anchored Shopping Center, 7% Cap Rate, $8,350,000
- Seasoned Co-Tenants - Includes H&R Block, Lincoln County Board of Realtors, Lincoln City Liquor Outlet, and Papa Murphy Pizza.
- Prime Coastal Location - Situated in one of the Pacific Northwest’s top tourist destinations, with strong year-round consumer traffic.
- Grocery Outlet (NASDAQ: GO): ±14,855 SF (50% of GLA) under new 15-year NNN lease with corporate guarantee.
- 85% National/Regional Credit Tenancy - Income diversity with daily-use, service, and necessity-based tenants.
- High Barriers to Entry - Supply-constrained, infill trade area with virtually no readily available sites for future development.
Property Facts
Property Type
Retail
Building Size
29,534 SF
Building Class
C
Year Built/Renovated
1961/2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
1.60 AC
Zoning
GC - Commercial, General
Parking
80 Spaces (2.71 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | R478970 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,768,400 |
Property Taxes
Parcel Number
R478970
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,768,400
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