1680 N 1st Pl - Retail FOR SALE


Hermiston, OR 97838
$3,079,250 USD
203-253-9455
1680 N 1st Pl, Hermiston, OR for Sale
$3,079,250 USD
Retail - FOR SALE
1/3
null | 6% Cap Rate

1680 N 1st Pl
Hermiston, OR 97838


HIGHLIGHTS

  • Strong Retail Corridor & National Co-Tenancy
  • Columbia River Recreation & McNary Lock & Dam Regional Draw
  • Strong Franchisee Guarantee
  • Hermiston Municipal Airport

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 1680 North 1st Street, Hermiston, OR 97838. The site consists of roughly 2,536 rentable square feet of building space on an estimated .82-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $184,755 and has scheduled increases of 1.75% Annually Starting June 2029.

FOR SALE DETAILS

PRICE

$3,079,250 USD

PRICE/SF

$1,214 USD /SF

CAP RATE

6%

% 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

-

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 Notice.