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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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Arctic Circle
WaFd Bank
the Human Bean
Bank of America
Starbucks
CrossFit
Grocery Outlet
Umpqua Bank
Bank of Montreal
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R354405
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,183,610
  • Listing ID: 34082210

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 156 NE 7th St, Newport, OR 97365

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