4140 River RdKeizer, OR 97303

Property Details for 4140 River Rd

Year built

1977

Lot size

0.49 AC

Property size (Sq ft)

1,991 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 1,991 square foot, single-tenant retail property located at 4140 River Rd N, Keizer, OR 97303. The property, situated on a 0.49-acre lot, houses Sweet Home Thai Cuisine, a long-standing restaurant operating under a month-to-month triple net (NNN) lease. The building, constructed in 1977 and renovated in 1991, features three stories, including a full, unfinished basement. The property boasts 20 parking spaces and benefits from a high-traffic location on a main road with an average daily traffic count of 28,000 vehicles. The mixed-use (MU) zoning allows for flexibility in future development. The current NOI is $44,968, resulting in a 5.08% cap rate, with an asking price of $885,000. The property includes perimeter Douglas Fir trees, which the City of Keizer will allow removal, potentially generating additional revenue from timber harvesting. Note that a cell tower easement, recently sold separately, has a 35-year sunset clause, after which the property owner will receive monthly rent from Verizon Wireless. Seller-carried financing options are available. Please do not disturb the tenant.

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9853

Longitude

-123.027

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