1120-1130 LANCASTER DR SE Salem OR 97317

The Offering provides the opportunity to acquire a 100% occupied, four-tenant retail pad site of Lancaster Marketplace. The Property is leased to three restaurants (Subway, Akira Sushi, Thai Beer Restaurant), with Metro PCS occupying the remaining suite. A brand new 10-year lease was executed by Akira Sushi, with Subway and Thai Beer each recently exercising a 5-year extension. The Property is an outparcel of Winco, Sportsman’s Warehouse, and a brand new Urban Air. This WinCo ranks among the top five in Oregon for annual visits (2.2M) and does well over $100M in annual sales and Sportsman’s Warehouse ranks in the top three in the state, per Placer.ai. The greater center welcomes approximately 3.3M annual visits, ranking in the 95th percentile nationally.

The Property benefits from significant visibility and access, positioned at a signalized intersection on Lancaster Drive with daily traffic exceeding 30,000 vehicles, and is adjacent to the N Santiam Hwy/I-5 interchange with over 180,000 vehicles per day.

• Shadow anchored by a high-performing WinCo, which ranks in the top five in Oregon for annual visits (2.2M) and does $100M+ in annual sales, per Placer.ai.

• Located on a signalized corner of Lancaster Dr, a primary retail corridor, with daily vehicle counts above 30,000. Adjacent to the N Santiam Hwy/I-5 interchange, which sees over 180,000 vehicles per day.

• Two of the four in-place tenants have occupied the Property for over 20 years.

• Offered at $326/SF, significantly below replacement cost of $550/SF+.