Clemens Plaza Mall
Value-Add Retail Opportunity
1045-1057 Commercial Street SE
Salem, OR 97302
Property Overview
Rent Roll Details
| Suite | Sq. Ft. | Status | Monthly Rent | Rent / SF |
|---|---|---|---|---|
| 1045 | 950 | Vacant | $950 (Pro Forma) | $1.00 |
| 1049 | 800 | Vacant | $800 (Pro Forma) | $1.00 |
| 1051 | 1,650 | Occupied | $1,500 | $0.91 |
| 1055 | 1,000 | Vacant | $1,000 (Pro Forma) | $1.00 |
| 1057 | 1,150 | Occupied | $1,650 | $1.43 |
Income Analysis: Current vs. Potential
Key Investment Highlights
📈 Significant Value-Add Potential
With 3,200 SF (53% of the building) vacant, there is a clear and immediate opportunity to increase cash flow by leasing the available spaces.
🏦 Seller Financing Available
The seller is offering financing to qualified buyers, potentially reducing initial capital requirements and simplifying the acquisition process.
📍 High-Traffic Location
Located on Commercial Street SE, a major thoroughfare in Salem, ensuring high visibility and accessibility for retail tenants.
🏢 Diverse Tenant Spaces
The property features five distinct tenant spaces, allowing for a diversified income stream and reducing risk associated with a single large tenant.
Dorchester Plaza
Stabilized Retail & Storage Investment
1930-1960 Commercial St SE
Salem, OR 97302
Property Overview
Rent Roll Details
| Tenant / Unit | SF | Monthly Rent | Annual Rent | Lease Expiration |
|---|---|---|---|---|
| Salon Argent | 900 | $1,550 | $18,600 | Dec-29 |
| Lux Salon | 900 | $1,550 | $18,600 | Jul-29 |
| Fast Mart | 1800 | $2,601 | $31,212 | Dec-26 |
| Storage 1 (XL) | 418 | $200 | $2,400 | Oct-25 |
| Storage 2 | 220 | $62.50 | $750 | Jan-25 |
| Storage 3 | 220 | $150 | $1,800 | Dec-25 |
| Storage 3A (S) | 130 | $75 | $900 | Dec-25 |
| Storage 4 | 220 | $150 | $1,800 | Dec-25 |
| Storage 5 | 220 | $150 | $1,800 | Dec-25 |
| Storage 6 | 220 | $150 | $1,800 | Dec-25 |
| Storage 7 (XL) | 418 | $200 | $2,400 | Dec-25 |
Gross Income Contribution
Key Investment Highlights
💰 Strong In-Place Income
A fully occupied property with a healthy 6.56% cap rate, providing immediate and stable cash flow from day one.
🔄 Diversified Revenue Streams
Income is generated from both long-term retail tenants and multiple storage units, diversifying risk and enhancing financial stability.
🔒 Long-Term Retail Leases
Key retail tenants have leases extending to 2026 and 2029, securing a significant portion of the property's income for years to come.
📍 Prime Commercial Location
Situated on Commercial St SE in Salem, the property benefits from high visibility and consistent traffic, ideal for retail success.
Grove Plaza
Comprehensive Investment Opportunity Analysis
NAPA Auto Parts Building
104 S Pacific Hwy, Cottage Grove, OR 97424
Property Overview
Current Financial Performance
Rent Roll Details
| Tenant | RBA (SF) | Lease Expiration | Monthly Rent | Annual Rent |
|---|---|---|---|---|
| NAPA Auto Parts | 6,924 | 08/2029 | $4,272 | $51,264 |
| Bochetto Day Spa | 2,800 | 08/2025 | $1,300 | $15,600 |
| Vacant Space | 4,200 | — | — | — |
Cap Rate Performance Analysis
Key Investment Highlights
🎯 Strong Anchor Tenant
NAPA Auto Parts provides stable, long-term income with lease extending to 2029.
📈 Immediate Value-Add Opportunity
7,000 SF of leasable space presents significant upside potential.
💰 Exceptional Return Potential
Projected 8.33% cap rate upon full lease-up demonstrates compelling value creation.
🔧 Recently Renovated
Extensive 2024 improvements including new TPO roof, HVAC units, and exterior paint.