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407 Lancaster Drive Northeast
Salem, OR 97301
Asking Price
$2.40M
Cap Rate
7.33%
Asset Type
Restaurant Retail
Class
Class B
What's Special
9 Year iHop Lease and Value Add Jazzercise Retail Suite <p>Established Tenancy </p><p>Prime Location </p><p>2025 Franchisee of the Year for iHop</p><p></p>
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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686
