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806 N 1st St 1,996 SF Retail Building Silverton, OR 97381 $1,901,384 ($952.60/SF) 5.26% Cap Rate
Investment Highlights
- Single-tenant Starbucks net lease property in operation with a corporate guarantee.
- Positioned on a 0.54-acre parcel with 19 on-site surface parking spaces for customer convenience.
- Located within Marion County, near Salem, and accessible to regional transportation corridors.
- Recently built in 2021, offering a modern, low-maintenance retail structure.
- Excellent location along North 1st Street, providing strong visibility and accessibility to local traffic patterns.
Executive Summary
This newly constructed single-tenant retail property presents a premier net lease investment opportunity in Silverton, Oregon. Occupied by Starbucks under a corporate-guaranteed lease, the asset offers long-term stability and dependable income backed by one of the most recognized brands in the world. Constructed in 2021, the building features modern design elements and sits on a 0.54-acre parcel with dedicated parking to accommodate customer demand.
Positioned along North 1st Street, the location provides excellent exposure to both local and regional traffic, enhancing visibility for the tenant. Silverton, situated in Marion County, serves as a gateway to Oregon’s scenic destinations and draws residents and visitors alike. The property benefits from proximity to major thoroughfares connecting to Salem and surrounding trade areas, contributing to consistent traffic and reliable footfall.
This offering suits investors seeking a low-maintenance asset with a strong corporate tenant, stable tenancy, and a high-quality retail configuration in a growing market. The combination of a new construction building, established tenancy, and a well-located parcel underscores the durability and performance of this investment.
Positioned along North 1st Street, the location provides excellent exposure to both local and regional traffic, enhancing visibility for the tenant. Silverton, situated in Marion County, serves as a gateway to Oregon’s scenic destinations and draws residents and visitors alike. The property benefits from proximity to major thoroughfares connecting to Salem and surrounding trade areas, contributing to consistent traffic and reliable footfall.
This offering suits investors seeking a low-maintenance asset with a strong corporate tenant, stable tenancy, and a high-quality retail configuration in a growing market. The combination of a new construction building, established tenancy, and a well-located parcel underscores the durability and performance of this investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
1,996 SF
Building Class
B
Year Built
2021
Price
$1,901,384
Price Per SF
$952.60
Cap Rate
5.26%
NOI
$100,013
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.54 AC
Zoning
C - commercial uses based on considerations such as the intensity of the use, goods and services provided, and the market area
Parking
19 Spaces (9.52 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 101880 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $717,930 |
Property Taxes
Parcel Number
101880
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$717,930
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Presented by
Rim Rock Investments LLC
806 N 1st St
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