McMinnville Market Center
Retail | 7.00% CAP | 74,313 SqFt
Marketing description
We are pleased to present for sale McMINNVILLE MARKET CENTER, a premier institutional-grade neighborhood retail center located at 615-697 SW Keck Drive in McMinnville, Oregon (Population 34,319). This exceptional investment comprises a fully-stabilized 70,313 SF center anchored by Albertsons, complemented by a 4,000 SF outparcel featuring Starbucks, totaling 74,313 SF within Yamhill County's wine country region. Strategically positioned with 431 feet of frontage along Highway 99W, the property commands exceptional visibility with daily traffic counts exceeding 18,800 vehicles, serving both Yamhill County's 110,000+ residents and over 500,000 annual wine country tourists. The property features Albertsons (53,639 SF, lease through April 2029) as anchor, with national tenants including Starbucks (drive-thru), AT&T Wireless, Snap Fitness 24/7, and Sally Beauty, creating diversified income across 11 total tenants serving daily necessity retail demand.
Located within McMinnville's dominant retail corridor near Walmart Supercenter, Home Depot, and Safeway, the center benefits from proximity to Linfield University, Providence Willamette Valley Medical Center, and Evergreen Aviation & Space Museum, ensuring consistent demand from McMinnville's diverse economic base combining healthcare, education, manufacturing, and world-class wine production. This represents an outstanding opportunity for investors seeking stable, grocery-anchored retail income in a proven growth market. With strategic positioning within Oregon's premier wine tourism destination, superior connectivity to Portland (45 minutes) and Oregon Coast (35 minutes), and professional-grade infrastructure, McMinnville Market Center is a compelling acquisition in one of the Pacific Northwest's most dynamic retail markets.
Investment highlights
GROCERY-ANCHORED
Anchored by Albertsons (53,639 SF), one of America's leading grocery operators with superior covenant strength. The property features 11 national and regional tenants including Starbucks, U.S. Bank, AT&T Wireless, Snap Fitness 24/7, and Sally Beauty, creating diversified income across essential-needs retail categories that drive recession-resistant performance.
100% OCCUPIED NNN
Fully stabilized with 74,313 SF of income-producing retail space across the main center and Starbucks-anchored outparcel. The diversified tenant mix spanning grocery, banking, wireless, fitness, and beauty services creates predictable cash flow insulated from single-tenant risk, while the grocery anchor ensures sustained daily traffic and tenant performance.
ENHANCED VISIBILITY
Strategically positioned with 431 feet of frontage along Highway 99W with daily traffic counts exceeding 18,800 vehicles. Signalized intersection access and pylon signage create exceptional visibility and accessibility, placing the property at the epicenter of Yamhill County's dominant retail corridor.
STRATEGICALLY POSITIONED
Superior market positioning with connectivity to Portland metro (45 minutes) and Oregon Coast (35 minutes), serving as the gateway between Willamette Valley and coastal markets. Walk Score of 71 combined with C-3 zoning flexibility supports long-term value appreciation in one of the Pacific Northwest's most dynamic retail markets.
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