1863 Main Ave N | Tillamook, OR 97141
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1863 Main Ave N
Tillamook, OR 97141
Subway Retail Center · Retail Property For Sale
Investment Highlights
- Fully leased two-tenant retail strip occupied by a Subway drive-thru and Maria’s Tacos.
- Attractive assumable debt at 4% interest, fixed for 10 years with 8 years remaining. The current loan balance is $667,662 with StanCorp.
- Brand new remodel and expansion of the Subway, solely funded by the Tenant in 2018.
- Early executed 5-year option by Subway extending the lease through June 2028.
- Subway operator is a successful, multi-unit franchisee with multiple locations along the Oregon Coast.
- Handful of recent capital improvements invested by Seller, including new HVAC, building expansion, and roof repair in 2015.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,600 SF
Year Built/Renovated
1995/2015
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.41 AC
Zoning
C-H
PROPERTY TAXES
| Parcel Number | R0406047 | Improvements Assessment | $343,310 |
| Land Assessment | $172,560 | Total Assessment | $515,870 |
PROPERTY TAXES
Parcel Number
R0406047
Land Assessment
$172,560
Improvements Assessment
$343,310
Total Assessment
$515,870
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