Amazing opportunity in a brand new development in South Salem

5775 Commercial St SE, Salem, OR 97306

About

Great retail opportunity on South Commercial at Wiltsey!! Four out of five suites are not under contract. One of the remaining suites will be a 3,208 SF restaurant. The other available suites will be built out as 1,584 SF, 1,440 SF, 1,271 SF & 1,080 SF. As of now, there is some flexibility on the sizes in order to suit your needs. There will be 71 upscale apartments homes in the building with separate secure parking and access. The landlord is willing to participate in some or all of the cost of buildout and interior improvements. Construction will begin in June of 2022 and is expected to take approximately 18 months for total completion.

  • +/-1,000-3,400 SF available upon completion
  • Mixed-Use New Development
  • Rare opportunity
  • Great demographics and traffic counts
  • Signalized intersection of Commercial St & Wiltsey Rd
  • Great tenant mix with long-term successful tenants
  • Prime signage on busy Commercial Street
  • Lease rate non-restaurant: $28-34/SF/YR
  • Lease Rate- End Cap Restaurant: $34-42/SF/YR (Depending on TIs)
  • Estimated NNN: $7.00 per square foot annually
Fresh Deal   Updated availability in the building in the past week. Book a tour before it's gone!

Suites Available

Location

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Listing courtesy of Bo Rushing, bo@rushinggroup.com, Rushing Real Estate, Inc.

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