2272 Santiam SE Hwy Albany, OR 97322-5205

This exceptional 31,040 square foot retail storefront, located at 2272 Santiam Hwy SE in Albany, Oregon (97322), presents a compelling investment opportunity. Boasting a 5.46% cap rate, this property offers significant return potential. Built in 1970 and renovated in 2000, the building sits on a 1.92-acre lot and features ample parking with 160 spaces (a 2.27/1,000 sq ft ratio). The property benefits from a highly desirable location next to Heritage Mall, at a signalized intersection ensuring excellent visibility and accessibility from Santiam Highway. The NNN lease structure minimizes landlord responsibilities. The property is zoned for Regional Commercial use. Strong co-tenancy includes Joann Fabrics and Crafts, DMV, Grocery Depot, Sizzler, the Chicken Shanty, US Market, Pizza More, and Fox Den Eatery. The area also boasts a wealth of nearby retailers such as Fred Meyer, Target, Safeway, Staples, Marshalls, Ross Dress for Less, Sportsman's Warehouse, Bargersville, and Starbucks. The building includes two exterior docks, further enhancing its operational efficiency. Asking price is $4,995,000.