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Petco & Gentle Dental 717 Geary St SE 16,234 SF 100% Leased Retail Building Albany, OR 97321 $5,440,000 ($335.10/SF) 7% Cap Rate
Investment Highlights
- Daily-Needs Tenancy: Petco and Gentle Dental offer essential, service-based retail and healthcare, driving consistent traffic and demand.
- Durable Occupancy: Petco has operated for 17+ years and Gentle Dental for ~13 years, demonstrating long-term location strength.
- Strong Regional Access: Located at the Hwy 20 and OR 99E interchange with direct I-5 access and 68K+ daily traffic counts.
- Top-Performing Petco: Ranks in the 87th percentile nationally with 248K annual visits (Placer.ai).
- Prime Retail Location: Positioned in Albany’s core retail corridor near Heritage Mall, a 407K SF regional center with 3.5M+ annual visits.
- Growing, Diverse Market: Steady population and income growth, diverse employment base, and a tight 2.8% retail vacancy rate.
Executive Summary
The Offering provides the opportunity to acquire a two-tenant retail building 100% occupied by national brands Petco and Gentle Dental. The Property is located within Albany’s primary retail corridor, adjacent to Heritage Mall, the region’s dominant shopping destination serving Linn and Benton counties. Petco has operated at the site continuously since the building’s development in 2008 and operates in the top 87% of all locations nationally (per Placer.ai) and Gentle Dental has occupied the premises for over 13 years.
The Property benefits from immediate access to the Pacific Boulevard / Santiam Highway interchange, with direct connectivity to Interstate 5, providing strong visibility, access, and consistent traffic exposure exceeding 35,000 vehicles per day.
The Property benefits from immediate access to the Pacific Boulevard / Santiam Highway interchange, with direct connectivity to Interstate 5, providing strong visibility, access, and consistent traffic exposure exceeding 35,000 vehicles per day.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,234 SF
Building Class
B
Year Built
2008
Price
$5,440,000
Price Per SF
$335.10
Cap Rate
7%
NOI
$380,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.37
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
CC - General Commercial
Frontage
131’ on Geary St
Amenities
- Pylon Sign
- Signage
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0104212 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,343,090 |
Property Taxes
Parcel Number
0104212
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,343,090
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Petco & Gentle Dental | 717 Geary St SE
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