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Listing provided courtesy of JOHN L. SCOTT-SALEM: 503-585-0100.

2615 Lancaster NE

Salem, OR 97305
  • $1,600,000
  • STATUS: Active
  • ON SITE: 98 Days
  • MLS #: 839767
UPDATED: 65 min ago
$1,600,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,928
    SQFT
  • $270
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of JOHN L. SCOTT-SALEM: 503-585-0100. Listing information © 2026 Willamette Valley Multiple Listing Service



Description

This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business. El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance. The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.Updated financials and OM coming soon.Text / Call LA with questions.

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Willamette Valley MLS logo © 2026 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2026-08-12T22:08:52.31.
www.suelongrealty.com/homes/176124177
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2615 Lancaster NE Salem, OR 97305

  • Price: $1,600,000
  • Status: Active
  • On Site: 98 Days
  • Updated: 65 min ago
  • MLS #: 839767
0
Beds
0
Baths
0
½ Baths
0.61
Acres
5,928
SQFT
$270
$/SQFT
Neighborhood:
30 SUBURBAN E SALEM/NORTH
County:
Marion
Area:
30 SUBURBAN E SALEM/NORTH
Property Description
This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business. El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance. The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.Updated financials and OM coming soon.Text / Call LA with questions.
Property Features

Cap Rate 7 Commercial Type Retail New Construction No Possession leasebak Source Of Square Feet County

© 2026 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2026 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2026-08-12T22:08:52.31.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of JOHN L. SCOTT-SALEM: 503-585-0100. Listing information © 2026 Willamette Valley Multiple Listing Service