1136 Lancaster Dr Salem, OR 97301

This exceptional Salem, Oregon retail property, located at 1136 Lancaster Dr NE, presents a compelling investment opportunity. The 4,830 square foot building sits on a 10,890 square foot lot and is currently fully leased to a tenant with a remaining lease term of six years. The lease includes annual rent increases of 3%, starting at $77,408 annually in August, providing a strong and predictable income stream. The tenant is responsible for all operating expenses, excluding roof and structural maintenance, minimizing the owner's operational responsibilities. This property is ideally suited for investors seeking a stable, high-yield investment with long-term growth potential. The property's location in Salem, within Marion County, offers excellent visibility and accessibility. The asking price for this turnkey retail investment is $1,190,000. Please note that the tenant should not be disturbed. This is a fantastic opportunity to acquire a well-maintained, income-producing retail property in a desirable location. Serious inquiries only.