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5503 Commercial St SE 2,333 SF Retail Building Salem, OR 97306 $2,583,368 ($1,107.32/SF) 6% Cap Rate
Investment Highlights
- Proximity to Willamette University and Corban University
- Strong & Affluent Area Demographics
- Salem Hospital
- Strong Franchisee Guarantee
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial Street Southeast, Salem, OR 973 06. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $155,002 and has scheduled increases of 1.75% Annually Starting in June 2029.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,333 SF
Building Class
B
Year Built
2023
Price
$2,583,368
Price Per SF
$1,107.32
Cap Rate
6%
NOI
$155,002
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
CR
Frontage
160’ on Commercial St
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Contacts
-
Edward
Otocka
-
Amelia
Haydock
-
Robert
Stein
-
Glen
Kunofsky
-
Christopher
Marks
-
Brian
Brockman
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Company Not Provided
5503 Commercial St SE
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