Retail - Power Center

1120 Lancaster Dr. SE
Salem, OR 97317

2 spaces

Brochure Contact Team

Retail space in center with nearby WinCo, ShopKo, and Dollar Tree anchors

Property Information & Highlights:

  • 119,137 square feet of anchor and shop space
  • Located at Lancaster Road & Hwy. 22
  • Part of major community shopping center with four major anchors
  • Adjacent to significant and established retail development
  • Long term tenant leases
  • Strong Demographics
  • Current occupancy at 97%
  • Vacancy and lower rent on some leases represents upside


Selected Tenants Include:

  • Sportsman' s Warehouse
  • Dollar Tree
  • Boys and Girls Club Bingo
  • Subway
  • Perfect Look

Shadow Anchors

  • WinCo Foods (not included in sale)
  • ShopKo (not included in sale)

Exposure of Lancaster Marketplace is average/good from Lancaster Drive SE, with exposure from both Hwy 22 (major arterial) and Rickey Street SE, which is a minor surface street.

Traffic Count -

  • Lancaster Drive SE & Rickey Street SE - 30,120 daily
  • Santiam Hwy SE & Lancaster Drive Exit - 56,200 daily

**Spaces avaialble with 60 days notice to existing tenant**

Overview

Location Salem
Property type Retail - Power Center
Construction StatusExisting
Total Available SpaceNaN
Total Number of Spaces Available2
Total Building Square Feet119,137 SF
Gross Leasable Area (GLA) 119,137 SF

Space 1

Space Square Feet 3,662 SF
Space Type Retail Space - Inline
Rental Rate $6.00 psf/yr
Lease Type NNN
Sublease No
Divisible No

Space 2

Space Square Feet 9,700
Space Type Warehouse Shell
Lease Type NNN
Sublease No
Divisible No

ExteriorExteriorWay back

Property Team

Howard Page

Real Estate Manager, Principal Broker

Lindsey Curtis

Assistant Real Estate Manager, Broker

Chris Lio

Commercial Real Estate Broker