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    2220 N Main Ave Tillamook, OR 97141

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    For Sale
    $2,975,000

    Two-tenant retail property on high-traffic coastal highway.

    Property size:
    6,400 SF
    Lot size:
    1.52 Acres

    Property Features for 2220 N Main Ave

    General Information

    Size
    6,400 SF
    Lot size
    1.52 Acres

    Source: Northmarq | Lake Oswego Agent Scott Frank

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Retail Investment Opportunity

    This two-tenant retail property benefits from a location directly on US Highway 101, Oregon’s most highly-trafficked coastal highway, with a traffic count of over 17,359 vehicles per day. The property is an outparcel of a high-performing Fred Meyer. The location is part of a retail corridor with national tenants including Fred Meyer, McDonald’s, O’Reilly Auto Parts, Dutch Bros, and Grocery Outlet, and is adjacent to a Burger King. One tenant is a Starbucks drive-thru, the only one within an hour to the south and north. The other tenant, Denny’s, has been at this location for over 16 years and offers potential upside through percentage rent of 7%. The property is 6,400 square feet. The surrounding economy is growing and based on tourism, with a 234% increase in lodging tax collected between 2014-2022.
    Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Denny's

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.8447361
    Latitude
    45.4725898

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    FAQs

    What type of property is this?
    Breakfast & diner - Two-tenant retail property on high-traffic coastal highway.
    Where is this breakfast & diner located?
    The property is located at 2220 N Main Ave Tillamook, OR.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: - Located on **high-traffic US Highway 101 (17,359 vehicles per day)**.; - NNN lease structures offer limited Landlord responsibilities.; - Two-tenant outparcel of **high-performing Fred Meyer**.
    (503) 952-0700
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    Tillamook, OR 97141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2220 N Main Ave Tillamook, OR 97141
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