Dairy Queen NNN Property For Sale — Salem, OR
398 Lancaster Dr NE, Salem, OR 97301
This offering presents a single-tenant Absolute NNN Dairy Queen, a prominent fast-food and soft-serve ice cream chain with over 7,700 locations worldwide. The property is strategically located on 0.54 acres at a highly visible corner along Lancaster Dr NE in Salem, OR, less than half a mile from Willamette Town Center. The lease features a long-term commitment expiring on March 31, 2037, with approximately 11.6 years remaining, and includes two additional ten-year extension options. The current rent is $8,068.58 per month, with 10% rent increases every five years, the next scheduled for April 1, 2027. The site benefits from substantial traffic counts exceeding 30,000 VPD on Lancaster Dr NE and proximity to major retailers and amenities in the nearby Willamette Town Center, ensuring consis…
- Address: 398 Lancaster Dr NE, Salem, OR 97301
- Asking price $1.75M
- 5.55% cap rate
- NOI $96,848
- 11.1 years remaining
- NNN lease
- Building size: 2,409 SF
- Lot size: 0.54 acres
- Lease expiration: Mar 31, 2037
- Rent increases: 10% increase on 4/1/2027 to $8,192.71 per month
- Guarantor: Corporate
Location
This Dairy Queen property is at 398 Lancaster Dr NE in Salem, Oregon.
Asset type: Restaurant