For Sale
$1,225,000

2405 3Rd St Tillamook, OR 97141

Class A Bank, 5,297 SF, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a Class A, 5,297 square foot freestanding bank building located at 2405 3rd St, Tillamook, OR 97141. The property, situated on a 0.46-acre lot (20,021 sq ft), boasts ample parking and convenient access, positioned advantageously between Highways 6 and 101. Currently occupied by Umpqua Bank at 100% occupancy under a NNN lease with five years remaining, this single-tenant building offers a stable and predictable income stream. The asking price is $1,225,000, translating to $231.26 per square foot. Built in 1974, the building is well-maintained, featuring recent upgrades to the drive-thru awning and exterior. The property is zoned TMCC and comprises a single, one-story building. This is a rare chance to acquire a high-quality, single-tenant investment property in a desirable location with a strong tenant and a long-term lease. The building's excellent condition and strategic location make it an attractive investment for discerning buyers seeking a stable and appreciating asset. Please note that the current operator should not be disturbed.

Highlights

  • Class A, 5,297 SF freestanding bank building on a 0.46-acre lot.
  • Located at 2405 3rd St, Tillamook, OR 97141, between Highways 6 and 101.
  • 100% occupied by Umpqua Bank under a NNN lease with five years remaining.
  • Asking price: $1,225,000 ($231.26/SF).
  • Well-maintained, single-story building built in 1974 with recent exterior upgrades.

Property Details for 2405 3Rd St

Property type
Retail properties, Banks
Square Feet
5,297 SF
Class
A
Year Built
1974
Buildings
1
Stories
1

Location Insight

City
Tillamook
County
Tillamook
State
Oregon
Latitude
45.456061818046
Longitude
-123.83930520806

FAQs

What type of property is this?
Retail property - Class A Bank, 5,297 SF, NNN Lease
Where is the retail property located?
The property is located at 2405 3Rd St Tillamook, OR.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Class A, 5,297 SF freestanding bank building on a 0.46-acre lot.; Located at 2405 3rd St, Tillamook, OR 97141, between Highways 6 and 101.; 100% occupied by Umpqua Bank under a NNN lease with five years remaining.
How can I contact the broker?
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2405 3Rd St
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