Cannon Beach, OR
Price: $825,000
Cap Rate: 4.70%
Status: UNDER CONTRACT

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United States Postal Service
163 N Hemlock Street | Cannon Beach, OR 97110

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Blue West Capital is pleased to exclusively offer for sale a United States Postal Service located at 163 N Hemlock Street in Cannon Beach, Oregon.  The investment-grade rated tenant (S&P: AA+) is essential to the community as there is no direct mail to homes in Cannon Beach.  This is a rare opportunity to purchase an irreplaceable property in the center of downtown.

  • Property is essential to the community as there is no direct mail to homes in Cannon Beach
  • All residents and visitors must use this location to pickup or send mail
  • Cannon Beach is one of the most popular beach towns on the Oregon coast with over 750,000 visitors annually
  • USPS has operated at this location since 1982
  • USPS is committed to this location evidenced by a recent early lease extension
  • Cannon Beach is 80 miles west of Portland

OFFERING SUMMARY

Price: $825,000
Cap Rate: 4.70%

Building Size: 1,620 SF
Lot Size:
0.23 Acres

INVESTMENT CONTACT

BRANDON GAYESKI
Associate Director
Net Lease Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2021-12-16T09:41:36-07:00
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