2301 E Portland Rd - Freestanding FOR SALE


Newberg, OR 97132
$1,850,000 USD
503-390-6060
2301 E Portland Rd, Newberg, OR for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/18
null | 5.59% Cap Rate

2301 E Portland Rd
Newberg, OR 97132


OVERVIEW

Constructed in 1994 and currently leased to O’Reilly Auto Parts. O’Reilly Auto Parts has occupied the building since August 31, 2011 and effective May 1, 2025 O’Reilly committed to an 8 year lease term with (3) 5-yr options to renew. O’Reilly Auto Parts operates over 6,400+ stores across the U.S., Puerto Rico, Mexico, and Canada . In 2024, it generated $16.7 billion in total revenue, marking a 5.7% year-over-year increase and continuing a 32-year streak of comparable store sales growth. The property is located on Portland Rd, also known as Highway 99W, which is a main arterial route connecting the Southern Willamette Valley to Portland and passing directly through Newberg. This location benefits from consistent year-round traffic (~33,000 VPD) from both local commuters and regional travelers. Please do not disturb the tenant.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

5.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,638 SF

ZONING

C

APN/PARCEL ID

38658

ASK ABOUT THIS PROPERTY

Khari GatesSMI Real EstateMore Info
503-390-6060

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Khari GatesSMI Real EstateMore Info
503-390-6060

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