3640 River Road Retail

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3640 River Rd N, Keizer , OR 97303
3640 River Road Retail
Two Tenant Retail Center with New 40-Year Cell Tower Lease Extension

The offering is a 6,403 square foot two-tenant retail center and adjacent parcel with a leased cell tower. Built in 2000, the retail building is 100% occupied by national retailers Bricks & Minifigs and Tan Republic. Bricks & Minifigs signed a 5-year lease renewal in 2021 and Tan Republic executed a 5-year extension in 2022. The cell tower lease was just extended in 2022 for an additional 40-years and brings in over $13,000 annually with CPI increases every five years and a $300 monthly rental increase beginning March 1, 2025. The property benefits from its location on River Rd N, one of the main thoroughfares in Keizer with daily traffic counts of 29,439 vehicles and a dense surrounding of 70,000 households earning an average household income of $84,000.
Maggie Wolk
Broker (Commercial)
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David Gellner
Senior Broker (Commercial)
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