The Offering presents an inflation-hedged investment opportunity with a well-established tenant operating on a NNN lease, ensuring minimal landlord responsibilities. The lease structure includes annual CPI-based rent escalations, providing a natural hedge against inflation. The tenant’s long-term commitment to the property is evidenced by its occupancy since 2003 and the recent exercise of a five-year renewal option, securing tenancy through 2029. Additionally, the property is situated in Hillsboro, OR, an affluent Portland suburb where average household incomes exceed $166,000 within a mile of the Property, supported by a predominantly white-collar workforce.
Strategically located less than a mile from Orenco Station, a 135-acre mixed-use development, the property benefits from proximity to nearly 2,000 residential units and Portland’s MAX Light Rail, which serves over 70,000 daily riders. This has translated to strong visitor traffic, with this Providence location ranking 9th out of 40 locations in the state for total visits (Placer.Ai). Additionally, seller financing may be available under terms more favorable than traditional lenders, offering a unique advantage to prospective buyers. Contact Northmarq for further details on financing options and investment opportunities.The Offering presents an inflation-hedged investment opportunity with a well-established tenant operating on a NNN lease, ensuring minimal landlord responsibilities. The lease structure includes annual CPI-based rent escalations, providing a natural hedge against inflation. The tenant’s long-term commitment to the property is evidenced by its occupancy since 2003 and the recent exercise of a five-year renewal option, securing tenancy through 2029. Additionally, the property is situated in Hillsboro, OR, an affluent Portland suburb where average household incomes exceed $166,000 within a mile of the Property, supported by a predominantly white-collar workforce.
Strategically located less than a mile from Orenco Station, a 135-acre mixed-use development, the property benefits from proximity to nearly 2,000 residential units and Portland’s MAX Light Rail, which serves over 70,000 daily riders. This has translated to strong visitor traffic, with this Providence location ranking 9th out of 40 locations in the state for total visits (Placer.Ai). Additionally, seller financing may be available under terms more favorable than traditional lenders, offering a unique advantage to prospective buyers. Contact Northmarq for further details on financing options and investment opportunities.