Single-Tenant Restaurant
For Sale
Contact for pricing
2697 Pacific Blvd. SE, Albany, OR 97304
Single-tenant restaurant asset on a hard corner with strong traffic counts and a long-term lease extension.
Property SizeContact for details
Days on Market123
Property Features for 2697 Pacific Blvd. SE
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
22,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews Portland
Listed By:
Peter Dunn · License #201103077
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 3:09PM
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 Kidder Mathews Portland
Investment Insights
Based on property information with market context.
This offering is a single-tenant restaurant property occupied by a regional restaurant chain operating as Muchas Gracias. The asset is positioned on a highly visible hard corner of Pacific Boulevard and Waverly Drive.
The location is exposed to strong traffic counts of 22,100 vehicles per day and is less than one mile west from the Interstate 5 exit ramp. The property is also within about half a mile of a WinCo Foods and is near Costco and Kohl’s.
The tenant has an eight-year operating history at this location and recently renewed the lease for seven additional years. The lease includes a remaining term of approximately 10 years with annual increases, and Muchas Gracias is personally guaranteed by the leaseholder.
The location is exposed to strong traffic counts of 22,100 vehicles per day and is less than one mile west from the Interstate 5 exit ramp. The property is also within about half a mile of a WinCo Foods and is near Costco and Kohl’s.
The tenant has an eight-year operating history at this location and recently renewed the lease for seven additional years. The lease includes a remaining term of approximately 10 years with annual increases, and Muchas Gracias is personally guaranteed by the leaseholder.
Key Highlights
- Single‑tenant restaurant asset occupied by Muchas Gracias, a regional Mexican restaurant chain with 36 locations in Oregon and SW Washington
- Located on a hard corner of Pacific Boulevard and Waverly Drive with reported 22,100 vehicles per day traffic counts
- Less than 1 mile west of the Interstate 5 exit ramp
Property Analytics
Property Profile
Current Use
Lease Details
22,100 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
527k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 29%
Dining 24%
Superstores 22%
Shops & Services 18%
Costco Wholesale
Superstores
118,178 visits/mo
0.4 miles
Fred Meyer
Groceries
80,246 visits/mo
0.5 miles
WinCo Foods
Groceries
74,561 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
37,222 visits/mo
0.3 miles
Taco Bell
Dining
23,470 visits/mo
0.5 miles
Demographics for 97304, OR
34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Golden Town Buffet — 2732 Pacific Blvd SE, Albany, OR 97321
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant asset on a hard corner with strong traffic counts and a long-term lease extension.
Where is this conventional restaurant located?
The property is located at 2697 Pacific Blvd. SE Albany, OR.
What are key features of this property?
This property features: Single‑tenant restaurant asset occupied by Muchas Gracias, a regional Mexican restaurant chain with 36 locations in Oregon and SW Washington; Located on a hard corner of Pacific Boulevard and Waverly Drive with reported 22,100 vehicles per day traffic counts; Less than 1 mile west of the Interstate 5 exit ramp
