2920 NE Sandy Blvd - Fast Food FOR SALE


Portland, OR 97232- Kerns
$5,882,353 USD
503-201-1309
2920 NE Sandy Blvd, Portland, OR for Sale
$5,882,353 USD
Fast Food - FOR SALE
1/8
null | 5.1% Cap Rate

2920 NE Sandy Blvd
Portland, OR 97232
Kerns


HIGHLIGHTS

  • New 20 year NNN lease at closing
  • #1 Dave's Hot Chicken Franchisee in system
  • Established restaurant with strong sales history

OVERVIEW

NNNet Advisors is pleased to offer the opportunity to acquire a Single Tenant New Leased Investment located in Portland, Oregon. This is an established Dave’s Hot Chicken Drive-Thru Restaurant. The Seller/Operator is the #1 Dave’s Franchisee in the system with over 10 stores open and/or in development in Oregon and SW Washington. The Franchisee is very well established as a multi-unit Franchisee of Carl’s Jr., Jersey Mike’s, The Human Bean and Hawaiian Bros with over 100 units in operation. The investment will commence with a new 20 year triple net lease at closing. The site benefits from excellent visibility and frontage on the corner of NE Sandy Blvd. and NE 29th Street. The property is surrounded by dense residential population with minimal competition in the immediate trade area.

FOR SALE DETAILS

PRICE

$5,882,353 USD

PRICE/SF

$1,920 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dave's Hot Chicken

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

CM3

APN/PARCEL ID

R117584

ASK ABOUT THIS PROPERTY

Josh VeentjerNNNet AdvisorsMore Info
503-201-1309

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Josh VeentjerNNNet AdvisorsMore Info
503-201-1309

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