Net Leased Medical Investment

3300 State Street, Salem, OR 97301

  • For Sale $12,485,000
  • Property Type Office - Medical Office
  • Property Size 38,348 SF
  • Lot Size 1.94 Acre
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2006
  • Date Updated Jul 28, 2025
The subject property is located at the corner of State Street and Hawthorne Avenue, less than a mile from the Interstate 5 and Highway 22 interchange, and two miles from the central business district. Neighboring uses include business parks, Chase Bank, a Wells Fargo customer care center, hospitality, and food processing.The subject property is a two-story, Class A, suburban office occupied by the regional hospital group since its construction and houses the Salem Health Laboratory now. The property is in excellent condition, with a new roof in 2025, and features robust parking and a package truck loading dock. Salem Health operates a drop-in laboratory location and processing facility. This is a strategic location for them as it is centrally located in the market with good parking, so patients can get in and out quickly. The tenant, Salem Health, triple-net leased this asset originally in 2006 and their current term goes through February of 2030. This asset should be attractive to both public and private medical office REITs or private investors in part due to the tenants AA- credit rating (as of 2023).
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Highlights

  • Leased through February 2030
  • New roof in 2025
  • Same tenant since construction
  • Single-tenant NNN investment

Contacts

broker
Curt Arthur

SVN | Commercial Advisors

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Transit Score ®

    36/100 Some Transit

  • Bike Score ®

    77/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Southeast Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    1.68 miles

  • Brooks Historical Society Depot

    8.68 miles

  • Hopmere Station

    8.76 miles

  • ChargePoint

    0.08 miles

  • 76

    0.57 miles

  • Tesla Supercharger

    0.72 miles

  • Arco

    0.86 miles

  • Shell

    0.86 miles

  • Pacific Pride

    0.87 miles

  • Space Age

    1.10 miles

  • Chevron

    1.14 miles

  • City of Salem Fuel Island

    1.21 miles

  • Pulse

    1.61 miles

  • State of Oregon Shuttle Mail Hub

    0.31 miles

  • Airport Road Park and Ride

    0.46 miles

  • Grace Baptist Church Park and Ride

    0.77 miles

  • Postal Employee Parking

    0.77 miles

  • Christ the Good Shepherd Lutheran Church Park and Ride

    1.05 miles

  • Market Street Park and Ride

    1.62 miles

  • E Lot

    1.77 miles

  • Staff Parking

    1.84 miles

  • Patient Visitor Parking Garage

    1.92 miles

  • Visitor Parking

    1.94 miles

  • Home2 Suites

    0.19 miles

  • Hampton Inn & Suites

    0.22 miles

  • Comfort Suites

    0.33 miles

  • Residence Inn

    0.37 miles

  • La Quinta Inn

    0.48 miles

  • Mill Creek Inn

    0.53 miles

  • Howard Johnson by Wyndham Salem

    1.07 miles

  • Motel 6 Salem

    1.37 miles

  • Holiday Lodge Motel

    1.39 miles

  • Knights Inn

    1.45 miles

  • Momiji Sushi

    0.09 miles

  • Taqueria Los Panditas

    0.48 miles

  • Denny's

    0.52 miles

  • Chula Vista

    0.53 miles

  • Little Caesars

    0.58 miles

  • Ricky's Tacos

    0.65 miles

  • Taco Bell

    0.67 miles

  • Paco's Mexican Food

    0.68 miles

  • Tin Roof Bistro

    0.68 miles

  • Baja Fish

    0.68 miles

  • Roberts High School

    0.30 miles

  • Richmond Elementary School

    0.90 miles

  • Four Corners Elementary School

    1.00 miles

  • Hoover Elementary School

    1.22 miles

  • Auburn Elementary School

    1.31 miles

  • Salem Academy Christian Schools

    1.35 miles

  • Houck Middle School

    1.41 miles

  • Englewood Elementary School

    1.51 miles

  • Bush Elementary

    1.55 miles

  • St. John School for Early Learners

    1.63 miles

  • East Salem Headstart (pre-school)

    2.02 miles

  • Little Friends Montessori School

    2.03 miles

  • Little Village Learning Center

    2.28 miles

  • Wallace Learning Center

    3.02 miles

  • Kuebler Early Learning Center

    3.77 miles

Frequently Asked Questions

How much does Net Leased Medical Investment cost?

The space currently listed for sale at Net Leased Medical Investment asks for $12,485,000.

What is the total square footage of Net Leased Medical Investment?

Net Leased Medical Investment totals 38,348 square feet.

When was this property built?

Net Leased Medical Investment was built in 2006.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Curt Arthur

SVN | Commercial Advisors

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