Restaurants /OR /Multnomah County /Gresham /240 NW Burnside Rd
Restaurants /OR /Multnomah County /Gresham /240 NW Burnside Rd

240 NW Burnside Rd - Restaurant FOR SALE


Gresham, OR 97030- Downtown Gresham | 
844-585-7674
240 NW Burnside Rd, Gresham, OR for Sale
Restaurant - FOR SALE
1/4
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240 NW Burnside Rd
Gresham, OR 97030
Downtown Gresham

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HIGHLIGHTS

  • Red Lobster; Single-Tenant Absolute NNN
  • The world’s largest seafood casual dining chain, with 545 U.S. locations across 44 states and four Canadian provinces
  • 35-year operating history at this location (since 1991); executed a new 15-year lease in 2021, with 10 years remaining on the current term
  • Renovated in 2023
  • Strong reported gross sales; ranks near the top in chain performance
  • 2% annual rent increases

OVERVIEW

Single-Tenant Absolute NNN | #1 Most Visited Red Lobster in Oregon | 35-Year Operating History | Executed New 15-Year Lease in 2021; Renovated in 2023 | Strong Gross Sales | 2% Annual Increases | Portland MSA; 235,000 Residents, $100,000 AHHI within 5 Miles

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster | Gresham, OR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

DCL

APN/PARCEL ID

R337315

ASK ABOUT THIS PROPERTY

Kevin FrymanHanley Investment GroupMore Info
844-585-7674

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Kevin FrymanHanley Investment GroupMore Info
844-585-7674

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