1680 N 1st Pl - Retail FOR SALE


Hermiston, OR 97838
$3,440,000 USD
203-253-9455
1680 N 1st Pl, Hermiston, OR for Sale
$3,440,000 USD
Retail - FOR SALE
1/2
null | 6.25% Cap Rate

1680 N 1st Pl
Hermiston, OR 97838


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease
  • New Construction
  • Strong Franchisee Guarantee

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Popeyes located at 1680 N 1st Street, Hermiston, OR 97838. The site consists of roughly 2,536 rentable square feet of building space on an estimated 0.82-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $215,000 and has scheduled increases of 1.75% Annually Starting Year 7.

FOR SALE DETAILS

PRICE

$3,440,000 USD

PRICE/SF

$1,356 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

C-2

APN/PARCEL ID

118721

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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