3120 NE Martin Luther King Blvd - Fast Food FOR SALE


Portland, OR 97212- North Eliot
$1,570,000 USD
970-690-0265
3120 NE Martin Luther King Blvd, Portland, OR for Sale
$1,570,000 USD
Fast Food - FOR SALE
1/4
null | 5.91% Cap Rate

3120 NE Martin Luther King Blvd
Portland, OR 97212
North Eliot


OVERVIEW

Fee simple, freestanding quick-service restaurant constructed in 1980 and renovated in 2019. The 1,742 SF building offers a functional layout with a single drive-through lane that supports strong daily traffic and consistent customer volume. The asset is in strong overall condition and is operated by an established Popeyes franchisee, providing stable tenancy and reliable performance. Positioned along a high-visibility commercial corridor, the property benefits from steady traffic, strong surrounding retail, and proximity to national brands that drive consistent customer activity. The corridor continues to experience healthy growth, supported by favorable demographics, convenient access, and a location that reinforces long-term tenant success and investor stability.

FOR SALE DETAILS

PRICE

$1,570,000 USD

PRICE/SF

$901 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes Chicken & Biscuits

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C2

APN/PARCEL ID

R102012

ASK ABOUT THIS PROPERTY

Jack ReillyTransworld Commercial Real EstateMore Info
970-690-0265

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Jack ReillyTransworld Commercial Real EstateMore Info
970-690-0265

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