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5503 Commercial St SE
Salem, OR 97306
 Popeyes · Retail Property For Sale

Retail Spaces Oregon Salem 5503 Commercial St SE, Salem, OR 97306

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INVESTMENT HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease
  • Strong Franchisee Guarantee
  • New Construction & High Visibility Site
  • Long Term Lease with Annual Rental Increases

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial Street SE, Salem, OR 97306. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $199,653 and has scheduled increases of 1.75% Annually.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,333 SF
Building Class
B
Year Built
2023
Price
$3,385,783
Price Per SF
$1,451.26
Cap Rate
6%
NOI
$203,147
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
CR
Frontage
160’ on Commercial St

AMENITIES

  • Bus Line
  • Signage
 

  • Listing ID: 38500756

  • Date on Market: 11/19/2025

  • Last Updated:

  • Address: 5503 Commercial St SE, Salem, OR 97306

The South Gateway Retail Property at 5503 Commercial St SE, Salem, OR 97306 is currently available. Contact Surmount for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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