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Bi-Mart Shopping Center 2152-2272 Santiam Hwy SE

31,040 SF Retail Building Albany, OR 97322 £3,592,943 (£116/SF) 6.08% Net Initial Yield

Investment Highlights

  • Located next to Heritage Mall, at a signalized intersection
  • Co-tenants include JoAnn Fabrics and Crafts, DMV, Grocery Depot, Sizzler, The Chicken Shanty, US Market, PizzAmoré and Fox Den Eatery
  • Easy access and visibility from Santiam Hwy
  • Nearby retailers include Fred Meyer, Target, Safeway, Staples, Marshalls, Ross Dress for Less, Sportsman’s Warehouse, Burgerville, Starbucks and many

Executive Summary

PRICE REDUCED! New price $4,495,000 (6.07% CAP)
Extended term: 10/15/2023 to 10/14/2028
Base Rent is $273,151 Plus NNN
10/15/2028 to 10/14/2033 Option
First Option Term Base Rent is $300,467 Plus NNN
Second Option Term 10/15/2033 to 10/14/2038 Option
Base Rent is $330,514 Plus NNN

Attachments

Albany (BiMart) property - FOR SALE flyer 4-10-2024.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,040 SF
Building Class
B
Year Built/Renovated
1970/2000
Price
£3,592,943
Price Per SF
£116
Net Initial Yield
6.08%
NOI
£218,335
Tenancy
Single
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.37
Lot Size
1.92 AC
Zoning
Regional Commercial - Regional Commercial
Parking
116 Spaces (3.74 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
1 of 1
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Fred Meyer Grocery Pickup And Delivery
Peet's Coffee
Dutch Bros
Elmer's Breakfast-lunch-dinner
Starbucks
U.S. Bank
Carino's Italian
Rent-A-Center
Grocery Outlet
Applebee's

PROPERTY TAXES

Parcel Number 0103420 Improvements Assessment £0
Land Assessment £0 Total Assessment £2,412,803

PROPERTY TAXES

Parcel Number
0103420
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,412,803
(503) 819-9904

Contacts

  • Listing ID: 29978530

  • Date on Market: 06/11/2023

  • Last Updated:

  • Address: 2152-2272 Santiam Hwy SE, Albany, OR 97322

The Retail Property at 2152-2272 Santiam Hwy SE, Albany, OR 97322 is currently available for sale. Contact Niehaus Properties, Inc. for more information.

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© 2025 CoStar Group

Bi-Mart Shopping Center | 2152-2272 Santiam Hwy SE
(503) 819-9904 x

Bi-Mart Shopping Center | 2152-2272 Santiam Hwy SE

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Tom Tetherow

(503) 819-9904

(503) 819-9904

Robert Niehaus

(503) 358-7770

(503) 358-7770

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