527 NW North Albany Rd | Albany, OR 97321
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- LoopNet Team
527 NW North Albany Rd
Albany, OR 97321
Retail Property For Sale
Investment Highlights
- Oil Stop – Strong Corporate Lease | 30 Locations in 5 States (OR, AZ, CA, NM, WA) | Roughly 400 Employees
- 2% Annual Rent Increases in Initial Lease Term | Inflation Hedge
- In 2022, Oil Stop invested roughly $1.4M of their own capital to to fully automate the existing car wash equipment, modernize the quick lube shop
- 13+ Years Remaining on an Absolute NNN Lease | Zero Landlord Responsibilities
- Diversified Income Stream – Additional Leased Income comes from a Ground Leased Pylon Sign Located on the Property (Renewal Pending)
- Increased Annual Revenues | Commitment to Site
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,504 SF
Building Class
B
Year Built/Renovated
2007/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.92 AC
Zoning
CC
Parking
8 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
64 FT on North Albany Rd
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 029813 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $345,359 |
PROPERTY TAXES
Parcel Number
029813
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$345,359
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