2390 Fairgrounds Rd, Unit Salem Salem, OR 97301
Leased retail building near I-5 and downtown Salem.
Building Details
- Year built
- 1928
Source:
Cbcworldwide
Listing Agent: Kelsi Sands
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Retail Building Investment Opportunity
This recently renovated building features vaulted ceilings and an open concept. It is currently leased to a marijuana retailer through August 31, 2026, with two five-year options. The lease is NNN, and the landlord is currently grossing $49,200 in annual rent. The tenant has indicated a willingness to extend the lease for another five-year term. Conveniently situated a short distance from Interstate 5, the property offers easy access to regional transportation routes, facilitating connectivity for commuters and visitors. Additionally, the property is only a few minutes away from downtown Salem, ensuring proximity to the city's commercial and cultural hub.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Weed Again Salem ...
Cannabis Store
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.0158619
- Latitude
- 44.9592873
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FAQs
What type of property is this?
Retail space - Leased retail building near I-5 and downtown Salem.
Where is this retail space located?
The property is located at 2390 Fairgrounds Rd, Unit Salem Salem, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: - NNN lease in place until August 31, 2026, providing stable income.; - Tenant willing to extend lease for another 5-year term.; - Annual gross rent of $49,200.