For Lease

Lancaster Marketplace

1120 Lancaster Dr. SE, Salem, OR 97317

2 spaces

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**

Location

Salem

Property Type

Retail - Power Center

Construction Status

Existing

Total Available Space

13,362 SF

Total Number of Spaces Available

2

Total Building Area

119,137 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 SF

Space Type

Warehouse Shell

Lease Type

NNN

Sublease

No

Divisible

No

Restaurant and retail space at Salem's most prominent retail center.
Lancaster Marketplace has excellent parking ratios and many nearby retailers, making it the perfect place to setup shop!
Anchored retail space in one of Salem's most sought-after locations.

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© 2020 NAI Elliott - All Rights Reserved

© 2020 NAI Elliott - All Rights Reserved

© 2020 NAI Elliott - All Rights Reserved

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