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Northgate Mall/Center 1111 Chetco Avenue, Brookings, OR 97415
Shopping Center - Outlet Center
Property Description
ATTENTION INVESTORS! Discover the opportunity to own a premium strip mall, boasting outstanding frontage and visibility along the bustling HWY 101 in Coastal Brookings Oregon! This property is not only well-maintained, but also has undergone renovations and improvements, enhancing its appeal. It features a history of long-term tenancies and a stable rental income. Benefits from the convenience of a professional property manager. Interested parties are invited to schedule a viewing appointment through their Realtor to explore the business spaces available. Don't miss this chance to invest in a prime location with proven profitability. CURRENT RENT ROLL/GROSS INCOME OF $111,787+. 2024 OPERATING EXPENSES = $48,503. NET INCOME = $63,284+. ROI = 7%.
Area Description
Directly on the scenic Highway 101 (Pacific Coast Highway). Brookings, OR is the first coastal town North of the California border.
Highlights
100% occupied. Stable tenancy. 8 established commercial businesses. Excellent visability to Highway 101 traffic. Sufficient store-front parking. Easy ingress/egress.
Full Address: 1111 Chetco Avenue, Brookings, OR 97415
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100%
Zoning: C3
Region: W-WP
County: Curry County
Use Type: Store front/Retail
Property ID: 4101148
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Has Gas: Yes
Building Sf: 12,716
Parcel Num: 4113-06BD-03200-00
Number Buildings: 1
Year Built: 1953
Free Standing: Yes
Cap Rate: 7%
Tenancy Type: Multi-Tenant Unanchored
100% occupied. Stable tenancy. 8 established commercial businesses. Excellent visability to Highway 101 traffic. Sufficient store-front parking. Easy ingress/egress.
Cash Flow Type: Actual
Cf Year: $2,024