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32049690
32049604

2615 LANCASTER DR NE, SALEM, OR 97305-4265

AM
OR 201245596
John L. Scott Real Estate Salem
Listed by John L. Scott Real Estate Salem
$1,600,000
77 days on market
Updated 13 days ago

El Ranchero Market & Restaurant

Details
APN 072W18CB00102
Property Type Retail
Sub Type Grocery Store, Restaurant
Square Footage 5,928
Net Rentable (SqFt) 5,928
Units 1
Cap Rate 7.00%
NOI $9,333
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Remaining Term 15
Rent Bumps Yes
Lease Options 2
Price per SqFt $2
Class B
Year Built 1998
Stories 1
Lot Size (SqFt) 26,301
Zoning CR
Parking Spaces 28 spaces
Parking per 1,000 SqFt 4.72
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback

Sale-Leaseback Opportunity on Lancaster in Salem!

Marketing description

This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business.

El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.

Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance.

The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.

Updated financials and OM coming soon.

Text / Call LA with questions.

Investment highlights

Stabilized, immediate rent with long-term tenant commitment.

Prime commercial location along Lancaster corridor.

Flexible lease terms and guaranteed income.

Listing Contacts

AM
OR 201245596
John L. Scott Real Estate Salem
Listed by John L. Scott Real Estate Salem

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$9,333.00
$777.75/mo

Valuation Metrics

0
DSCR
0.58%
Cap Rate
0.58%
ROI

Map

Zoning

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MU-I MixedMixed UseMixed Use 1
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Alex McCarthy
License
201245596
Brokerage
John L. Scott Salem
Brokerage Phone
5035850100
Title
Principal Broker
Brokerage Address
725 Commercial Street Southeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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