Grocery Outlet Store with
For Sale
Contact for pricing
1555 SW Highway 97, Madras, OR 97741
Corporate-leased grocery property with an NNN structure and tenant-paid taxes, insurance, and maintenance.
Property Size17,800 SF
Lot Size2.81 Acres
Price / SF$207.87
Days on Market110
Property Features for 1555 SW Highway 97
General Information
Standard status
Active
Size
17,800 SF
Lot size
2.81 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
retail
Amenities
Tesla Supercharger
Building Details
Tenancy
Single
Listing Agency:
Northmarq Commercial, LLC
(503) 998-6572
Listed By:
Kevin Adatto
(503) 998-6572
Source:
Moodyscre
Added: Apr 22
Changed: Aug 9
Last Checked: Aug 9 at 12:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Commercial, LLC
Investment Insights
Based on property information with market context.
The property contains a 17,800-square-foot Grocery Outlet store on a 2.81-acre parcel. The corporate lease runs through June 2037 and includes five 5-year renewal options with 10% increases. The NNN structure places responsibility for taxes, insurance, and maintenance with the tenant. An on-site Tesla Supercharger serves the property, while the store occupies only part of the parcel.
Located in Madras, Oregon, the property fronts US-97/US-26, a principal north-south route through Central Oregon. The remaining land lies to the north of the store, providing additional area within the existing parcel.
Located in Madras, Oregon, the property fronts US-97/US-26, a principal north-south route through Central Oregon. The remaining land lies to the north of the store, providing additional area within the existing parcel.
Key Highlights
- 17,800‑square‑foot Grocery Outlet store on a 2.81‑acre parcel
- Corporate lease extended through June 2037
- Five 5‑year renewal options with 10% increases
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Grocery Outlet — 1537 The Dalles-California Highway, US-97, Madras, OR 97741
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corporate-leased grocery property with an NNN structure and tenant-paid taxes, insurance, and maintenance.
Where is this grocery and convenience store located?
The property is located at 1555 SW Highway 97 Madras, OR.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 17,800‑square‑foot Grocery Outlet store on a 2.81‑acre parcel; Corporate lease extended through June 2037; Five 5‑year renewal options with 10% increases
