Canby Dairy Queen | 597 SW 1st Ave
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Canby Dairy Queen 597 SW 1st Ave
2,725 SF Retail Building Canby, OR 97013 $5,230,280 CAD ($1,919 CAD/SF) 5% Cap Rate
Executive Summary
MAJ Commercial Real Estate is pleased to present the opportunity to
acquire a Single Tenant Net Leased Investment located in Canby, OR. The
property is leased to Chipotle on a brand new 15-year term that commenced
on December 1, 2024. This location consists of Chipotle’s pickup window
“Chipotlane” for customers with meals preordered in the Chipotle mobileapp. The property is ideally located on SW 1st Ave (Pacific Hwy E), that
encompasses approximately 20,200 vehicles per day. Chipotle is also located
just 0.2 miles away from Canby High School and 0.7 miles away from the
Clackamas County Fairgrounds and Event Center. Some of the surrounding
business include Starbucks, Fred Meyer, Safeway, US Bank and more.
acquire a Single Tenant Net Leased Investment located in Canby, OR. The
property is leased to Chipotle on a brand new 15-year term that commenced
on December 1, 2024. This location consists of Chipotle’s pickup window
“Chipotlane” for customers with meals preordered in the Chipotle mobileapp. The property is ideally located on SW 1st Ave (Pacific Hwy E), that
encompasses approximately 20,200 vehicles per day. Chipotle is also located
just 0.2 miles away from Canby High School and 0.7 miles away from the
Clackamas County Fairgrounds and Event Center. Some of the surrounding
business include Starbucks, Fred Meyer, Safeway, US Bank and more.
Property Facts
Sale Type
Investment NNN
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,725 SF
Building Class
B
Year Built
1980
Price
$5,230,280 CAD
Price Per SF
$1,919 CAD
Cap Rate
5%
NOI
$261,514 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.60 AC
Zoning
CM
Frontage
124 ft on 1st Ave
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00793608 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,101,350 CAD |
PROPERTY TAXES
Parcel Number
00793608
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,101,350 CAD
-
Blake Federinko -
Brandi Ho -
Michael Jenkins -
MAJ Commercial Real Estate
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Canby Dairy Queen | 597 SW 1st Ave
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