Description
Archway Place is a "pride of ownership property in the trendy coastal neighborhood of Nye Beach in Newport, Oregon. What is being offered for sale is the ground-floor retail portion of this mixed use project. 100% occupied - all leases are multi-year w/ renewal options & all are absolute NNN. Cap rate is 5.48% w/ a 5-year AVG of 5.75%. Archway Place is exceptionally well-maintained. Onsite parking lot for employees and customers. Residential condos above retail spaces not included.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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5,250SQFT
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$305$/SQFT
School Ratings & Info
Description
Archway Place is a "pride of ownership property in the trendy coastal neighborhood of Nye Beach in Newport, Oregon. What is being offered for sale is the ground-floor retail portion of this mixed use project. 100% occupied - all leases are multi-year w/ renewal options & all are absolute NNN. Cap rate is 5.48% w/ a 5-year AVG of 5.75%. Archway Place is exceptionally well-maintained. Onsite parking lot for employees and customers. Residential condos above retail spaces not included.
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