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$3,450,000
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Property Description
NNN Investment Opportunity! Single Tenant Net Leased Investment located in Canby, OR. The property is leased to Chipotle on a brand new 15-year term that commenced on December 1, 2024. This location consists of Chipotle's pickup window "Chipotlane" for customers with meals preordered in the Chipotle mobileapp. The property is ideally located on SW 1st Ave (Pacific Hwy E), that encompasses approximately 20,200 vehicles per day. Chipotle is also located just 0.2 miles away from Canby High School and 0.7 miles away from the Clackamas County Fairgrounds and Event Center. Some of the surrounding business include Starbucks, Fred Meyer, Safeway, US Bank and more.
Full Property Details
Full Property Details for 597 SW 1st Ave
General
- Sold For: $3,450,000
- Taxes: $14,219 (2024)
- Status: Sold
- Type: Business
- Source: RWMLS
- MLS ID: 312383337
- Added to Site: 240 day(s) ago
Location
- County: Clackamas
- Driving Directions: 99E, in between S Birch St and S Elm Street
Community
- Community Name: 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino
Heating & Cooling
- Heating Type: Other
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Stories/Levels: 1
- Square Feet: 2,725
- Year Built: 2024
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.6
- Lot Size (Sq. Ft.): 26,136
- Lot Size: 20, 000 SqFt to .99 Acres
Financial Considerations
- Tax Amount: $14,219.23
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Brochure
- Property ID: 793608
Listed by MAJ Commercial Real Estate (360) 699-4494, Brandi Ho (360) 921-0593
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls
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Schools
Schools serving 597 SW 1st Ave
School District:Canby School District 86
| Name | Grades | Distance |
|---|---|---|
Philander Lee Elementary School 1110 South Ivy Street, Canby, OR 97013 | K-6 | 0.7 mi |
Baker Prairie Middle School 1859 Southeast Township Road, Canby, OR 97013 | 7-8 | 1.3 mi |
Canby High School 721 Southwest 4th Avenue, Canby, OR 97013 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 597 SW 1st Ave
Date
Details
Price
Change
Source
1/23/2026
Sold
$3,450,000
-5.48%
MLS
8/05/2025
Price Reduced
$3,650,000
-1.08%
MLS
6/26/2025
Listed
$3,690,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
597 SW 1st Ave, Canby, OR 97013 (MLS# 312383337) is a Business property that was sold at $3,450,000 on January 23, 2026. Want to learn more about 597 SW 1st Ave? Do you have questions about finding other Business real estate for sale in Canby? You can browse all Canby real estate or contact a Coldwell Banker agent to request more information.

