2490 NE Highway 99W
McMinnville, OR 97128
Retail Property For Sale

The subject property is a Safeway location guaranteed by their corporate parent company, Albertsons Companies, Inc. The property is an anchor in McMinnville Plaza, an 18-acre shopping center directly off Oregon Route 99 in McMinnville, Oregon. The Plaza includes other anchors like JC Penney, Ross Dress For Less, Petco, and a new Marshalls set to open in Fall 2019. The surrounding area is dense with other national retailers like Walmart, WinCo, JoAnn Fabrics, Goodwill, Subway, and more. Directly east of the subject property is the Cascade Steel Rolling Mills, a Schnitzer Steel Industries company, employing over 400 people. Oregon Route 99 is the main highway cutting directly through McMinnville and connecting the city to both Portland to the north and Salem to the south, each within an hour’s drive. Albertsons Companies, Inc: Corporate Guarantee from Albertsons Companies, Inc., the second-largest traditional grocer in the United States with $60.5 Billion in revenue for 2018. Albertsons Companies is the third-largest, private company in the US as of 2018 and sees approximately 34 million customers per week. There are over 2,200 stores in 34 states and the District of Columbia under 21 well-known banners. They have 270,000 employees nationwide.