398 Lancaster NE Dr Salem, OR 97301

This is a 2,409-square-foot single-tenant quick-service restaurant property (Dairy Queen) situated on a 0.54-acre corner site along Lancaster Dr NE at/near the intersection with Monroe Ave in Salem. The building is designed for quick-service restaurant use and is positioned with multiple points of ingress and egress. The site includes 32 parking spaces and supports dedicated parking and convenient access. The property is located in proximity to Willamette Town Center (less than 0.5 miles) and near the I-5 freeway, with an offramp accessible within about 1.5 miles via Market St NE; Lancaster Dr NE is a major north/south corridor with traffic counts exceeding 30,000 vehicles per day. The property is structured on an absolute NNN basis under a long-term ground lease configuration, with lease provisions that include scheduled periodic rent increases and extension options.