4380 Commercial St SE | Salem, OR 97302
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- LoopNet Team
4380 Commercial St SE
Salem, OR 97302
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease (No Landlord Responsibilities): 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5
- Near Major Hospital: 3 Miles from Walgreens Resides Salem Hospital A 607 Medical Bed Facility, the Largest Hospital in the Region.
- Strong Demographics: The 5-Mile Trade Area Supports Over 163,000+ Residents with an Average Household Income Exceeding $85,000.
- Signalized Hard Corner Location: Walgreens is Located at Commercial St. & Hifiker Ln. Overseeing 46,700+ Vehicles Per Day. Commercial Street is One of
- Corporate Guaranty: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
- Stable Investment Grade Tenant: Walgreens Boots Alliance is Publicly Traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated “BBB-” by S&
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,367 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.41 AC
Zoning
CR
Parking
60 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
147’ on Commercial St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Car Charging Station
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 531979 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,201,810 |
PROPERTY TAXES
Parcel Number
531979
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,201,810
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