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SRS Negotiates $3.2M Sale of Grocery-Anchored Retail Property in Oregon

1300-US-101-Reedsport-OR

McKay’s Market and Dollar Tree are tenants at the 27,011-square-foot retail property located at 1300 U.S. 101 in Reedsport, Ore.

REEDSPORT, ORE. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of a newly renovated retail property, located at 1300 U.S. 101 in the small, coastal city of Reedsport. An Oregon-based developer sold the property to an Oregon-based private family trust for $3.2 million.

McKay’s Market and Dollar Tree each recently signed 10-year triple-net leases to occupy the 27,011-square-foot building. Patrick Luther, Matthew Mousavi and Ron Dowhaniuk of SRS Real Estate Partners represented the seller, while the buyer was self-represented.

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