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415 E Douglas Ave NE
Gervais, OR 97026
Dollar General · Retail Property For Sale
Investment Highlights
- Stabilized Intersection on Hwy 99
- Build to Suit for Dollar General on 2.91 AC Site
- Stable passive income backed by national credit tenant and corporate guaranty
- Limited local competition
- 3, 5-year options with 10% rent increases in each option
Executive Summary
Free Standing Single Tenant NNN Lease Dollar General
Sale Price: $2,058,685
CAP Rate: 7.00%
NOI: $144,108
Size: 9,100 SF | 2.91 AC Lot
Parking: 30 Stalls
Built: 2017
Tenant: Dollar General
Sale Price: $2,058,685
CAP Rate: 7.00%
NOI: $144,108
Size: 9,100 SF | 2.91 AC Lot
Parking: 30 Stalls
Built: 2017
Tenant: Dollar General
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$2,058,685
Price Per SF
$226.23
Cap Rate
7%
NOI
$144,108
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.91 AC
Opportunity Zone
Yes
Zoning
CR
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
205’ on Douglas Ave
Property Taxes
| Parcel Number | 339788 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $952,070 |
Property Taxes
Parcel Number
339788
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$952,070
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