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Restaurant

Dairy Queen

398 Lancaster Dr NE, Salem, OR 97301

Listing Price: $2,234,000

Cap Rate
4.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
14.9
Gross SF
2,409
Guarantor
Corporate Guarantee
Rentable SF
2,409
Price/Gross SF
$927.36
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.10

Investment Overview

Marcus & Millichap is pleased to present 397 Lancaster Drive in Salem Oregon. Salem is the capital city of Oregon. Set amid a park with gardens, the domed Oregon State Capitol contains a collection of art by Oregon artists. The Hallie Ford Museum of Art includes works by Pacific Northwest and Native American artists. The Willamette Heritage Center includes a Victorian wool mill, plus 19th-century homes with period furnishings. The Bush House Museum is an Italianate mansion built in 1878.

Investment Highlights

  • Absolute Net Leased Dairy Queen
  • =Fantastic Market in Oregon's Cpaital
  • Strong Retail Corridor

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Financing By

Restaurant

Dairy Queen

Listing Price: $2,234,000

Cap Rate
4.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
14.9
Gross SF
2,409
Guarantor
Corporate Guarantee
Rentable SF
2,409
Price/Gross SF
$927.36
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.10

Investment Highlights

  • Absolute Net Leased Dairy Queen
  • =Fantastic Market in Oregon's Cpaital
  • Strong Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present 397 Lancaster Drive in Salem Oregon. Salem is the capital city of Oregon. Set amid a park with gardens, the domed Oregon State Capitol contains a collection of art by Oregon artists. The Hallie Ford Museum of Art includes works by Pacific Northwest and Native American artists. The Willamette Heritage Center includes a Victorian wool mill, plus 19th-century homes with period furnishings. The Bush House Museum is an Italianate mansion built in 1878.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

Financing By

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