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Property profile & analytics
OFF-MARKET
Lifestyle centers

609 Clay St Monmouth, OR 97361

3,662 SF
Property ID
Property summary
AI-generated overview

This exceptional retail property, located at 609 Clay St E in Monmouth, Oregon, presents a prime investment opportunity. Situated on a 0.48-acre lot in Polk County, this shopping center boasts a total of 3,662 square feet across two suites. Currently, one suite, measuring 1,170 square feet, is available for lease. This space is ideally located on the corner of Clay Street and Pacific Highway, a high-traffic thoroughfare connecting Salem and Corvallis. Its strategic position ensures excellent visibility and accessibility for businesses. The property benefits from its proximity to Western Oregon University (WOU), as well as the nearby towns of Independence and Dallas, further expanding its potential customer base. The suite previously housed a pizza restaurant and includes a new pizza hood, offering a turnkey solution for a similar business or adaptable space for other retail ventures. The lease is a Net, Net, Net (NNN) agreement with a monthly rate of $0.93 per square foot. This property is an excellent choice for businesses seeking a well-established location in a thriving community.

Property profile
Verified
Property type Lifestyle centers
Total area 3,662 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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