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Roth's 4746 Portland Rd NE 43,878 SF 100% Leased Retail Building Salem, OR 97305 $4,175,000 ($95.15/SF) 6.25% Cap Rate
Investment Highlights
- North Salem location just minutes away from I-5, on the corner of Portland Rd NE (Hwy 99 E) and Hayesville Dr NE.
- Roth’s has operated here for 30 years, has 5 years remaining, and 2-5 year options with 7% rent increases.
- Nearby tenants include McDonalds, Harbor Freight, 76, Dutch Bros, and more
- Value add opportunity with vacant shop space
Executive Summary
• 37,870 SF Roth’s Grocery Store
• 6,000 SF vacant shop building
• 4.3 AC
• 6,000 SF vacant shop building
• 4.3 AC
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
43,878 SF
Building Class
C
Year Built
1995
Price
$4,175,000
Price Per SF
$95.15
Cap Rate
6.25%
NOI
$261,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
4.30 AC
Zoning
CR - Commercial Retail
Parking
150 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
429’ on Portland Rd
Amenities
- Bus Line
- Metro/Subway
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 522094 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,899,170 |
Property Taxes
Parcel Number
522094
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,899,170
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Roth's | 4746 Portland Rd NE
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