Listed by Commercial Realty Advisors Northwest LLC
$1,600,000
102 Lancaster Drive NE
Details
Property Type Retail, Land
Sub Type Convenience Store, Gas Station
Cap Rate 5.97%
NOI $95,509
Tenancy Multi
Brand/Tenant 76 Fuel Station, Rocket Convenience Store
Lease Type NNN
Acreage 0.530
Zoning Commercial Retail (CR)
Investment Type Net Lease
Tenant Credit No Credit Rating
Retail | 5.97% CAP
Investment highlights
- Hard corner location with access from both Lancaster Dr and State St
- Located at a signalized intersection across from Walgreens and near Dick’s Sporting Goods, O’Reilly Auto Parts and Cycle Gear
- Other major retailers in the trade area include WinCo, Coastal Farm, Sportsman’s Warehouse, Target, CarMax and Regal Cinemas
- Willamette Town Center is located 1.4 miles north of the site
- Approx. 23,146 SF of Land (0.53 AC)
Listing Contacts
Listed by Commercial Realty Advisors Northwest LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,508.72
$7,959.06/mo
Valuation Metrics
0
DSCR
5.97%
Cap Rate
5.97%
ROI
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