3695 Devonshire Ave NE
Salem, OR 97305
Retail Property For Sale

Mega Foods offers the opportunity to acquire a stable grocery tenant with more than thirty years of continuous operation at this Salem location. The tenant has occupied the site since the building was constructed in 1992 and continues to serve a loyal customer base drawn from the broader Lancaster Drive corridor. Unlike the national operators positioned closer to Interstate 5 or Silverton Road, Mega Foods fills a significant convenience gap for nearby households that rely on accessible pricing and everyday essentials. Comparative to Walmart, Mega Foods is value oriented but more specialized with weekly ad-driven traffic and an international assortment that supports durable repeat demand. The 55,150 square foot building sits on a large, approx. 5.35 AC parcel with excellent visibility off Fisher Road NE, which runs perpendicular to Lancaster, which sees more than 24,600 vehicles per day. The Property includes more than 340 dedicated parking stalls and is surrounded by a mature retail hub of more than one million square feet that includes Walmart, Safeway, Dollar Tree, PetSmart, McDonald’s, and other regional anchors. The trade area continues to strengthen, reaching 119,134 residents within three miles in 2025 with steady household formation and a diverse customer base. Mega Foods recorded over 476,000 visits from November 2024-October 2025 per Placer.ai,
supported by consistent weekly shopping patterns and a submarket vacancy rate of 4.2 percent.