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102 Lancaster Drive NE
Salem, OR 97301
Asking Price
$1.60M
Cap Rate
5.97%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Retail | 5.97% CAP <ul><li>Hard corner location with access from both Lancaster Dr and State St </li><li>Located at a signalized intersection across from Walgreens and near Dick’s Sporting Goods, O’Reilly Auto Parts and Cycle Gear </li><li>Other major retailers in the trade area include WinCo, Coastal Farm, Sportsman’s Warehouse, Target, CarMax and Regal Cinemas </li><li>Willamette Town Center is located 1.4 miles north of the site</li><li>Approx. 23,146 SF of Land (0.53 AC)</li></ul>
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124
