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1250 Lancaster Dr SE

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1250 Lancaster Dr SE

1250 Lancaster Dr SE, Salem, OR 97317
Retail For Sale Available Built 1991 1 floors Zoning: CR
Asking Price
$17,250,000
Total Building130,353 SF
Available109,289 SF avail
Land320,166 SF land
MarketNot Assigned
CountyMarion

Read Overview
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Overview

Property ID
304928
Listing ID
702819
Type
Retail
Asset Class
Retail
Zoning
CR

Description

Investment Highlights• Grocery Shadow Anchor: High-performing WinCo with 2.2M annual visits and $100M+ in sales (Placer.ai).New 10-Year Urban Air Lease: NNN, personally guaranteed; opening April 2026.• 100% Occupied: 7.5-year weighted average lease term.• Strong Traffic: Signalized corner on Lancaster Dr (30,000+ VPD), adjacent to I-5 / Hwy-22 (180,000+ VPD).• Rent Growth: 6 of 7 tenants have contractual rent increases.• Recent CapEx: Exterior repaint completed.• Long-Term Tenancy: Multiple tenants in place for 10+ years.

Listing Courtesy of:

ST
Sean Tufts
Northmarq Commercial, LLC
130 Nickerson Street, Ste 211,
Seattle, WA 98109
State: OR City: Salem ZIP: 97317 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.