505 NW Burnside Rd - Storefront FOR SALE
Gresham, OR 97030 |
505 NW Burnside Rd
Gresham, OR 97030
HIGHLIGHTS
- Over 5 Years of firm term remaining with attractive 2-3% annual rental increases through existing term and each 5 year renewal.
- Although actual sales data is confidential, this location does report strong sales, contact CPX.
- Annual rent increases provide opportunity to increase yield by 60 basis points over the first five years of the holding period.
- NNN Lease structure provides limited Landlord responsibilities.
- Ideally located with high visibility on NW Burnside Rd with daily traffic counts in excess of 29,346.
- Nectar is a fast-growing, market-share leading Oregon cannabis entity with 36 locations across the state.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Nectar Gresham
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Bar
TOTAL BUILDING SIZE
3465
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
R337634
