704 NE Evans St

For Sale

704 NE Evans St, Mcminnville, OR 97128

This Mcminnville property for sale is located at 704 NE Evans St. The general use of 704 NE Evans St is office and it incorporates 4,230 square feet of class C office space. The current listed sale price for 704 NE Evans St is $715,000. 704 NE Evans St is situated on a lot that is 0.18 acre in size.

Contacts

broker

Joe Kappler

Macadam Forbes

(503) 972-7294

Property Details

  • Property Type Office - General Office
  • Property Size 4,230 SF
  • Lot Size 0.18 Acre
  • Building Class C
  • Year Built 1975
  • Date Updated Apr 5, 2024
Located within a few blocks from downtown McMinnville, the subject property benefits to Highway 18 and Highway 99.Well-located free-standing dental office near downtown McMinnville, OR. The building has been a long-term dental office, and the current dentist commenced their 10-year lease in March of 2018 (original practice dates back to 1981). Starting March 1, 2024, the monthly rent will increase to $3,582.15 plus NNN. The lease states the rent increases annually at a negotiable increase but in no event less than 3% and no more than 5%. The tenant can renew the lease for an additional five years (at the then-market rates) by providing at most 180 days prior written notice but at least 90 days prior written notice.

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Highlights

  • Negotiable 3-5% annual rent increases
  • NNN lease structure
  • Free-standing dental office with off-street parking
  • New roof installed in 2021
  • Lease expires on 2/28/2028 (Tenant does have a 5 year option to renew)

Attachments

Getting around

  • 92/100

    Walk Score ®

  • 30/100

    Transit Score ®

  • 77/100

    Bike Score ®

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Location

  • City Mcminnville, OR
  • Neighborhood McMinnville
  • Zip Code 97128

Points of Interest

  • Shell

    1.54 miles

  • Pacific Pride

    1.70 miles

  • Pacific Pride

    1.71 miles

  • Shell

    4.51 miles

  • Shell

    9.18 miles

  • Hotel Oregon

    0.19 miles

  • Geoff & Kerry

    1.25 miles

  • Red Lion Hotels

    1.50 miles

  • Comfort Inn & Suites

    1.57 miles

  • Motel 6

    1.61 miles

  • Figment Farm

    4.30 miles

  • Wine Country Farm Bed & Breakfast

    7.31 miles

  • Brightridge Farm Bed and Breakfast

    9.96 miles

  • Harvest Fresh

    0.24 miles

  • Albertsons

    1.25 miles

  • Roth's Fresh Markets

    1.27 miles

  • Bi-Mart

    1.36 miles

  • Safeway

    1.44 miles

  • Walmart

    1.54 miles

  • WinCo Foods

    1.66 miles

  • Carniceria Abastos

    4.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Joe Kappler

Macadam Forbes

(503) 972-7294