Shopping Community
Salem Valley Shopping Center
407 Lancaster Dr NE, Salem, OR 97301
Listing Price: $11,025,000
Investment Overview
Marcus & Millichap has been exclusively chosen to market Salem Valley Shopping Center a 42,033-square-foot retail center situated on 4.48 acres along Lancaster Drive NE in the heart of Salem, the state’s capital city. The property features eight parcels with 11 suites across six buildings and offers flexible investment potential, as it is available for purchase either as a complete portfolio or as individual parcels *inquire with broker for details*. The center is anchored by established national and regional tenants including IHOP, Original Roadhouse Grill, Domino’s Pizza, and DaVita, creating consistent customer traffic. Salem Valley Shopping Center also benefits from its proximity to the highly trafficked Willamette Town Center, home to retailers such as Regal Cinemas, Dollar Tree, Barnes & Noble, and Ulta Beauty, along with nearby national retailers including Rite Aid, Target, Dick’s Sporting Goods, and Walgreens. Surrounded by dense residential neighborhoods and apartment communities, the center enjoys steady daily foot traffic and strong visibility within one of Salem’s most active retail corridors.
Salem Valley Shopping Center
Investment Highlights
- Eight parcels with 11 suites across six buildings total 42,033 SF on 4.48 acres. Investors can acquire the entire center or purchase parcels individually; inquire with broker for details.
- Strategically positioned along Lancaster Dr NE in Salem, the property sits in a highly active retail corridor near Willamette Town Center, offering strong visibility and consistent consumer traffic.
- Anchored by IHOP, Domino's Pizza, Original Roadhouse Grill, and DaVita, the center offers a stable tenant mix. Established brands drive steady traffic and support long-term occupancy.
- Surrounded by dense residential neighborhoods and nearby apartment communities, the center benefits from a built-in local customer base. The presence of major retailers such as Target and Walgreens further supports consistent daily traffic to the area.
Exclusively Listed By
Financing By
Listing Price: $11,025,000
Investment Highlights
- Eight parcels with 11 suites across six buildings total 42,033 SF on 4.48 acres. Investors can acquire the entire center or purchase parcels individually; inquire with broker for details.
- Strategically positioned along Lancaster Dr NE in Salem, the property sits in a highly active retail corridor near Willamette Town Center, offering strong visibility and consistent consumer traffic.
- Anchored by IHOP, Domino's Pizza, Original Roadhouse Grill, and DaVita, the center offers a stable tenant mix. Established brands drive steady traffic and support long-term occupancy.
- Surrounded by dense residential neighborhoods and nearby apartment communities, the center benefits from a built-in local customer base. The presence of major retailers such as Target and Walgreens further supports consistent daily traffic to the area.
Investment Overview
Marcus & Millichap has been exclusively chosen to market Salem Valley Shopping Center a 42,033-square-foot retail center situated on 4.48 acres along Lancaster Drive NE in the heart of Salem, the state’s capital city. The property features eight parcels with 11 suites across six buildings and offers flexible investment potential, as it is available for purchase either as a complete portfolio or as individual parcels *inquire with broker for details*. The center is anchored by established national and regional tenants including IHOP, Original Roadhouse Grill, Domino’s Pizza, and DaVita, creating consistent customer traffic. Salem Valley Shopping Center also benefits from its proximity to the highly trafficked Willamette Town Center, home to retailers such as Regal Cinemas, Dollar Tree, Barnes & Noble, and Ulta Beauty, along with nearby national retailers including Rite Aid, Target, Dick’s Sporting Goods, and Walgreens. Surrounded by dense residential neighborhoods and apartment communities, the center enjoys steady daily foot traffic and strong visibility within one of Salem’s most active retail corridors.
Exclusively Listed By
Financing By
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