Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels - divided into 4 suites. Absolute NNN and 100% occupied - all are multi-year w/renewal options. 2022 CAP was 5.63%. 2023 - 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying.
803157
Retail, Other
Lincoln
2008
0.12
Acres
Public
5,250
Sq. Ft.
Exterior / Lot Features
- Parking
- 9 Parking Spaces.
Financial Considerations
$11,090
Arrows indicate 90 day trend
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