Listing Agency: Coldwell Banker Commercial - Mountain West | Salem p***@cbcre.com Show Phone

Listed By: Pam Rushing · License #200202271 Show Phone

Source: Moodyscre

Added: Sep 13, 2023 Changed: Jul 10 Last Checked: Jul 21 at 6:07AM

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Investment Insights

Based on property information with market context.

This retail space is located in a newer shopping center with high traffic counts on Highway 99W, also known as Monmouth-Independence Highway. Neighboring tenants include Burgerville, Carl's Jr., Dutch Bros, and Bi-Mart. The property is located close to Western Oregon University, approximately 0.5 miles away. Ample parking is available, with a ratio of 7.5 spaces per 1,000 square feet. The 1,170-square-foot space was formerly a pizza restaurant and contains a large pizza hood. It presents an opportunity for a deli or other food user, and can also serve as standard retail space.

Key Highlights

• High Traffic Counts on Hwy 99W / Monmouth‑Independence Hwy
• Popular neighboring Tenants include Burgerville, Carls Jr., Dutch Bros. & Bi‑Mart
• Newer Shopping Center

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Dental Office Skin Care Clinic Pharmacy Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

412

Businesses Nearby

173k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 28% Groceries 19% Home Improvements & Furnishings 6%

WinCo Foods Groceries

33,005 visits/mo 0.5 miles

Bi-Mart Shops & Services

21,840 visits/mo 0.4 miles

Dutch Bros. Coffee Dining

19,195 visits/mo 0.3 miles

Burgerville Dining

18,297 visits/mo 0.3 miles

Circle K Shops & Services

18,093 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space in newer shopping center near Western Oregon University.

Where is this shopping center located?

The property is located at 601-609 Clay St E Monmouth, OR.

What are key features of this property?

This property features: High Traffic Counts on Hwy 99W / Monmouth‑Independence Hwy; Popular neighboring Tenants include Burgerville, Carls Jr., Dutch Bros. & Bi‑Mart; Newer Shopping Center