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Oak Park Plaza 3380 Lancaster Dr NE
1,186 - 3,950 SF of Retail Space Available in Salem, OR 97305
Highlights
- High traffic, grocery anchored retail center
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3304 | 1,553-1,554 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $2,590 /MO $31,080 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 3306 | 1,210 SF | 5 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $2,017 /MO $24,200 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 3316 | 1,186 SF | 5 Years | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $2,767 /MO $33,208 /YR | Triple Net (NNN) |
3284-3344 Lancaster Dr NE - 1st Floor - Ste 3304
Space was fully built-out new from shell in 2016, including all plumbing, electrical, mechanicals, fixtures and finishes. Suitable for retail and professional service tenants. Space includes large breakroom, IT & storage closet and single ADA restroom. Excellent visibility and building signage to Lancaster Dr. NE.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- Space is in Excellent Condition
- Excellent visibility
3284-3344 Lancaster Dr NE - 1st Floor - Ste 3306
1,210 SF, $20/SF/Yr., NNN. Finished open floor plan retail space with one (1) ADA restroom at the rear. Excellent visibility and signage to busy Lancaster Dr. NE. Can be combined with adjacent suite 3304 for 2,763 SF total. Approximate dimensions are 20' x 58'.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
3312-3318 Lancaster Dr NE - 1st Floor - Ste 3316
1,186 SF, $28/SF/Yr., NNN; Located between Papa Murphy's and T-Mobile in Oak Park's pad building, this was first generation restaurant space completed in 2017. Enjoys terrific visibility and signage to both Lancaster Dr. NE and Silverton Rd. NE. Some existing FF&E can be included subject to lease terms, making this a potential turn-key opportunity. The space currently has an approximate 40 seat dining area, front P.O.S. counter with glass display case, full kitchen with gas range and hood, manager's office, storage room and one (1) ADA restroom. An as-built space plan is available upon request.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Gas range and hood
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Oak Park Plaza
- Tenant
- Description
- US Locations
- Reach
- Ace Hardware
- Retailer
- -
- -
- AutoZone
- Automotive
- 7,352
- International
- Eco Laundromat
- Services
- -
- -
- Safeway
- -
- -
- -
- Starbucks
- Coffee
- 20,988
- International
- US Taekwondo
- Arts, Entertainment, and Recreation
- -
- -
| Tenant | Description | US Locations | Reach |
| Ace Hardware | Retailer | - | - |
| AutoZone | Automotive | 7,352 | International |
| Eco Laundromat | Services | - | - |
| Safeway | - | - | - |
| Starbucks | Coffee | 20,988 | International |
| US Taekwondo | Arts, Entertainment, and Recreation | - | - |
PROPERTY FACTS FOR 3380 Lancaster Dr NE , Salem, OR 97305
| Min. Divisible | 1,186 SF | Frontage | 500’ on Lancaster Dr NE |
| Center Type | Neighborhood Center | Gross Leasable Area | 111,437 SF |
| Parking | 505 Spaces | Total Land Area | 15.08 AC |
| Stores | 18 | Year Built | 1976 |
| Center Properties | 3 |
| Min. Divisible | 1,186 SF |
| Center Type | Neighborhood Center |
| Parking | 505 Spaces |
| Stores | 18 |
| Center Properties | 3 |
| Frontage | 500’ on Lancaster Dr NE |
| Gross Leasable Area | 111,437 SF |
| Total Land Area | 15.08 AC |
| Year Built | 1976 |
About the Property
Oak Park Plaza is located at the high-traffic, high-visibility corner of Lancaster Dr. and Silverton Rd. in northeast Salem. One of Salem's busiest and most diverse retail trade areas, Oak Park Plaza benefits greatly from the high volume of activity generated by such national brands as Walmart Supercenter, Mega Foods, PetSmart, Grocery Outlet, Dollar Tree, Planet Fitness, Goodwill, Bi-Mart, Big Lots, Kaiser Permanente and dozens more. Additionally, the immediate trade area is loaded with a "who's who" of national QSR concepts, including McDonald's Burger King, KFC, A&W, DQ, Pizza Hut, Subway, Jamba Juice, Poppeye's, Five Guys and many others, all benefitting from the large traffic volume along Lancaster Dr. NE.
- Pylon Sign
Nearby Major Retailers
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Oak Park Plaza | 3380 Lancaster Dr NE
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