Tillamook, Oregon
Type: Real Estate Investment
Size: 1,920 sqft. | .27 acres
- Full description below -
Tillamook, Oregon
🌿🏢 SEIZE YOUR CANNABIS INVESTMENT OPPORTUNITY 🏢🌿
Unlock the potential of the booming cannabis industry with this remarkable sale leaseback proposition. Partner with Oregon's largest cannabis retailer, {Inquire Directly}, as they continue to expand their presence. Take advantage of a prime location on Hwy 101 in Tillamook, along with a new 10-year lease and strong income potential.
🌟 INVESTMENT HIGHLIGHTS 🌟
- New 10-Year Lease at Closing
- Prime Tillamook Location on Hwy 101
- Prominent Highway Frontage
- Sale Leaseback Strategy for Growth
- Renovated in 2016
- Close to Major Retailers
🏢 EXECUTIVE SUMMARY 🏢
This sale leaseback opportunity offers a strategic partnership with {Inquire Directly}, Oregon's largest cannabis retailer with locations in multiple states. With a new 10-year lease signed at closing and a 9.50% cap rate, this investment provides a reliable income stream. The Tillamook location is conveniently situated in the heart of the city, close to prominent retailers and the famous Tillamook Creamery.
🌆 PRIME LOCATION 🌆
Located on Hwy 101, this property boasts prominent highway frontage and serves as a vital access point for residents and visitors. {Inquire Directly} strategic positioning between major grocery retailers like Fred Meyer and Safeway ensures high visibility and customer engagement.
🏢 PROPERTY DETAILS 🏢
- Sale Type: Investment
- Property Type: Retail
- Building Size: 1,920 SF
- Building Class: C
- Year Built/Renovated: 1973/2016
- Price: $795,000
- Price Per SF: $414
- Cap Rate: 9.50%
- NOI: $75,525
- Tenancy: Single
- Building Height: 1 Story
- Building FAR: 0.16
- Land Acres: 0.27 AC
- Zoning: TM-C-H - Cannabis Approved
- Parking: 25 Spaces (13.02 Spaces per 1,000 SF Leased)
- Frontage: 100 FT on Hwy 101
📈 SECURE YOUR INVESTMENT 📈
Join forces with {Inquire Directly}, Oregon's leading cannabis retailer, and capitalize on the thriving cannabis industry. With a prime location on Hwy 101, a new 10-year lease, and a strong cap rate, this sale leaseback opportunity is your gateway to a secure and lucrative investment. Contact us to seize this exceptional opportunity! 🌿🏢🚀
Offered exclusively by Owner or Licensed Agent/Broker
Listing # 9021