1221 River Bend Rd Salem, OR 97304

This exceptional investment opportunity presents a fully leased, Class A retail center in Salem, Oregon. The property, completed in 2023, encompasses 10,780 square feet across two buildings on a 1.95-acre lot. The portfolio includes five tenants, boasting 100% occupancy since March 1, 2023, generating a strong NOI of $624,355 and a 7.90% cap rate. The property features a vibrant mix of retail spaces and a unique food truck pavilion, Checkpoint 221, with a full bar. Strategically located at 1221 Riverbend Rd NW, in Polk County, the center benefits from high visibility at a signalized intersection and proximity to two large apartment complexes (a 48-unit complex and a 201-unit complex under construction), ensuring consistent customer traffic. The property is zoned CR CO and offers a compelling net lease investment with a multi-tenant structure. The asking price is $7,900,000, representing a price per square foot of $732.84. This turnkey operation provides immediate income and significant long-term growth potential. The sale includes both the real estate and the established Checkpoint 221 business. Detailed financial statements are available upon request.