1803 Lansing Avenue Northeast

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1803 Lansing Avenue Northeast

Salem, OR 97301
Asking Price
$360K
Cap Rate
8.84%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

8.84% cap rate on well-established dispensary with two five-year renewal options. <ul><li>​8.84% Cap Rate on a well-established HomeGrown marijuana dispensary</li><li>​5-Year Lease with 3 years remaining on the initial term</li><li>​Two (2) Five-Year Renewal Options, providing long-term income potential</li><li>​3% Annual Rent Escalations, offering built-in NOI growth</li><li>​NNN Lease Structure, minimizing landlord responsibilities </li></ul><p> • Established Operator with a proven presence in the market </p><p> • Recession-Resilient Cannabis Retail Asset with str

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NOI
$80,000
Cap Rate
22.22%
DSCR
3.74
Strong
Cash-on-Cash
54.28%
Monthly Payment
$1,781.084
Annual Cash Flow
$58,626.997

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