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2401-2429 NW Highway 101
Lincoln City, OR 97367

Price Upon Request

General Retail For Sale  •  29,534 SF

Property Details

  • Property Type General Retail
  • Total Building Size 29,534 SF
  • Lot Size 1.6 AC
  • Building Class C
  • Year Built 1961
  • Tenancy Multiple
  • Zoning GC
30 Transit Score
50 Walk Score

Highlights

Low Price Point Grocery Anchored Shopping Center, 7% Cap Rate, $8,350,000
Grocery Outlet (NASDAQ: GO): ±14,855 SF (50% of GLA) under new 15-year NNN lease with corporate guarantee.
Seasoned Co-Tenants - Includes H&R Block, Lincoln County Board of Realtors, Lincoln City Liquor Outlet, and Papa Murphy Pizza.
85% National/Regional Credit Tenancy - Income diversity with daily-use, service, and necessity-based tenants.
Prime Coastal Location - Situated in one of the Pacific Northwest’s top tourist destinations, with strong year-round consumer traffic.
High Barriers to Entry - Supply-constrained, infill trade area with virtually no readily available sites for future development.

Amenities

  • Pylon Sign
  • Security System
  • Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes