156 NE 7th St
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156 NE 7th St
16,140 SF Retail Building Newport, OR 97365 $2,300,000 ($143/SF) 5% Cap Rate
Executive Summary
Property is leased with lease expiration date of 11/2027.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
16,140 SF
Building Class
B
Year Built
1989
Price
$2,300,000
Price Per SF
$143
Cap Rate
5%
NOI
$114,897
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.39
Land Acres
0.95 AC
Zoning
C-1
Parking
28 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
324 FT on Oregon Coast Highway
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R354405 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,183,610 |
PROPERTY TAXES
Parcel Number
R354405
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,183,610
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156 NE 7th St
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