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South Salem Chevron South Salem Chevron South Salem Chevron

Property Overview

Price/Rent PSF $ 1,400,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 2,092
Date Available 12/02/2020
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Description

Location
Among the highest trafficked intersections in Salem, this asset is in a tremendous retail corridor that includes Fred Meyer, US Bank and numerous dining options. Neighbors to this site include: Fred Meyer (Kroger), US Bank, Chase Bank and Burger King.





Sale
This is a rare opportunity to own of the most visible, highest traffic, service station sites in the mid-valley available summer of 2021.

The current tenant is not renewing their lease which expires June 30, 2021. The convenience store measures 2092 SF and has a drive through in the back currently sublet to a coffee/pastry tenant who's term also expires June 30,2021. That tenant pays $1,700/m.



The most recent tank inspection report, dated June, 2020 is available and show four (4), 10,000 gallon tanks with no issues. There is enough room on the site to relocate the store and expand the island and pumps or to add an accessory use like car wash.

Location

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