407 Lancaster Drive Northeast, Salem, OR 97301

MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET IHOP & JAZZERCISE in Salem occupies a 6,045 SF retail property on a 0.83-acre parcel within the established Salem Valley Shopping Center, offering strong visibility and accessibility along Lancaster Dr NE, one of the city’s primary commercial corridors. Built in 2000, the property benefits from a diverse tenant mix that includes DaVita Dialysis Center, Domino’s, Tire Experts, Original Roadhouse Grill, and other complementary retailers and service providers that help drive steady daily traffic, while its proximity to Willamette Town Center, anchored by retailers such as Dollar Tree, Regal, Target, and Rite Aid, further strengthens the retail draw. The IHOP component is backed by Mohammad Khadar, who was named IHOP’s 2025 Franchisee of the Year and operates more than 30 restaurants across Washington, Oregon, and Hawaii, underscoring the strength of the ownership group and IHOP’s continued appeal as a nationally recognized family-dining brand known for all-day breakfast and broad customer recognition