Listing Agency: COLDWELL BNKR/COMMERCIAL DIV s***@shadyajones.com Show Phone

Listed By: PAM RUSHING · License #200202271 Show Phone

Source: Exprealty

Added: Aug 18, 2023 Changed: Sep 15 Last Checked: Oct 3 at 4:58AM

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Investment Insights

Based on property information with market context.

This retail space is located in a newer shopping center at the corner of Clay Street East and Pacific Highway in Monmouth, Oregon. Situated on a main thoroughfare between Salem and Corvallis, the location benefits from high traffic. The property is close to Western Oregon University (WOU), Independence, and Dallas. Previously occupied by a pizza restaurant, the space includes a new pizza hood. The lease is NNN ($.77 SF/MO) with a lease incentive of $1.00 per square foot for the first year, followed by yearly rate increases.

Key Highlights

• High‑traffic location on the main thoroughfare between Salem and Corvallis
• Includes a new pizza hood, suitable for a pizza restaurant
• Located in a newer shopping center

Property Analytics

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Current Use

Retail space

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

530

Businesses Nearby

105k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Bi-Mart Shops & Services

21,840 visits/mo 0.3 miles

Dutch Bros. Coffee Dining

19,195 visits/mo 0.1 miles

Burgerville Dining

18,297 visits/mo 0.1 miles

Circle K Shops & Services

18,093 visits/mo 0.1 miles

Carl's Jr. Dining

14,821 visits/mo 0.1 miles

Demographics for 97361, OR

13,412

Population

4,858

Households

2.8

Avg Household Size

29

Median Age

28%

College-Educated

94%

High-School Grad

132.9 sq mi

ZIP Area

101

Density / Sq Mi

$70,625

Median Household Income

$28,812

Median Earnings

$1,128

Median Rent

$407,100

Median Home Value

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Retail space in Monmouth's newer shopping center on Clay St.

Where is this retail space located?

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

What is the lease rate?

The lease rate is $42,120.

What are key features of this property?

This property features: High‑traffic location on the main thoroughfare between Salem and Corvallis; Includes a **new pizza hood, suitable for a pizza restaurant**; Located in a newer shopping center