1200 SE 1st St - Storefront FOR SALE


Ontario, OR 97914
$2,400,000 USD
503-349-4892
1200 SE 1st St, Ontario, OR for Sale
$2,400,000 USD
Storefront - FOR SALE
1/7
null | 8.66% Cap Rate

1200 SE 1st St
Ontario, OR 97914


HIGHLIGHTS

  • Brand new facility
  • Built to be multi-tenant if needed in the future
  • Oregon's largest cannabis retailer with sales north of $100MM annually
  • 47+ locations in Oregon, California and Ohio
  • Easy access for the Boise Metro Area's large population base

OVERVIEW

SALE LEASEBACK. New 10-year lease at closing with five 5-year options. Absolute NNN lease (2% annual increases) with Oregon's largest cannabis retailer. Sales in excess of $100MM. 40+ branded retail locations in Oregon alone. They operate 7 additional retail locations in California and Ohio. Completely vertical from farm to store. This location services NE Oregon and the Boise Metro Area (Treasure Valley). Boise's large population base is lured by Oregon's sales tax-free status for retail shopping in addition to access to cannabis. New lease will be provided by the seller/tenant.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

8.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,614 SF

ZONING

C

APN/PARCEL ID

3311

ASK ABOUT THIS PROPERTY

Bud HosnerRussell Hosner LLCMore Info
503-349-4892

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bud HosnerRussell Hosner LLCMore Info
503-349-4892

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.