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Downtown Springfield Retail Investment 505 S A St 3,889 SF Retail Building Springfield, OR 97477 $789,000 ($202.88/SF) 7.10% Cap Rate
Investment Highlights
- NNN investment with established tenant (Hometown Pets) and stable income
- Signalized corner location with strong visibility and frontage
- Downtown Springfield location near Main Street, EmX line - Springfield Station
- 7.1% cap rate with 3% annual rent increases
- 0.51-acre site with 20+ parking spaces and multiple access points
Executive Summary
NNN investment opportunity featuring a 3,889 SF stand-alone retail building on 0.51 acres in Downtown Springfield. Located on a signalized corner at 5th Street and S A Street with strong visibility, multiple access points, and 20+ parking spaces. Fully leased to Hometown Pets with an annual rent of $59,040 and 3% annual increases. Positioned one block from Main Street’s primary retail corridor and in close proximity to the EmX Bus Rapid Transit line and Springfield Station. Offered at $789,000 (7.1% cap rate).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,889 SF
Building Class
C
Year Built
1953
Price
$789,000
Price Per SF
$202.88
Cap Rate
7.10%
NOI
$56,019
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
MCU (Mixed Use Comm.)
Parking
30 Spaces (7.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1418779 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $554,779 |
Property Taxes
Parcel Number
1418779
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$554,779
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Downtown Springfield Retail Investment | 505 S A St
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