1520 SE Discovery Ln. (Status: Available) 1770000

1520, Discovery Ln, Warrenton, OR  97146

The offering provides the opportunity to acquire a 100% occupied, four-tenant retail center (“the Property”) leased to a dynamic group of retail and professional/personal services – Ben’s Computer Store, Beyond Nails, Country Financial, and Rae’s Quilt Shop. Recent lease extensions for several tenants demonstrate commitment to the site. The Property is an outparcel of the only Costco within a 77-mile radius, located within the primary retail hub of the north coast in Warrenton, Oregon. Assumable debt at a four percent interest rate with approximately six and a half years remaining is available for qualified buyers, yielding a 7.7% cash on cash return.

Listing Details

Asset Class: Retail
Year Built: 2015
Building Total Square Feet: 5100
Available Lease Space Square Feet: 5100
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information:

Listing Courtesy of: CPX LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.