

421 Lancaster Drive Northeast
NNN Lease Davita Dialysis | 7.05% Cap Rate | Strong Healthcare Location
Marketing description
MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET DAVITA DIALYSIS in Salem is a 14,208 SF healthcare facility situated on a 1.09-acre parcel within the highly trafficked Salem Valley Shopping Center, offering strong visibility along Lancaster Dr NE, one of the city’s primary commercial thoroughfares. Originally built in 1994, the property benefits from a strategic location among established national and regional tenants including IHOP, Domino’s, Tire Experts, Original Roadhouse Grill, and more, creating consistent daily traffic to the center. The property is also positioned near Willamette Town Center, home to major retailers such as Dollar Tree, Regal, Target, and Rite Aid, further strengthening the area’s retail draw and consumer activity. Surrounded by dense residential neighborhoods and nearby apartment communities, the asset benefits from a built-in customer base and strong demographic support. Additionally, the property is shadow anchored by WFMC Health, a well-established healthcare provider that enhances foot traffic, visibility, and tenant synergy, positioning the area as a convenient hub for healthcare and daily service needs.
Investment highlights
Healthcare Synergy
Established Tenancy
NNN Lease Structure
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