7501 NE Glisan St - Freestanding FOR SALE


Portland, OR 97213
$1,625,000 USD
408-314-8582
7501 NE Glisan St, Portland, OR for Sale
$1,625,000 USD
Freestanding - FOR SALE
1/4
null | 6.29% Cap Rate

7501 NE Glisan St
Portland, OR 97213


OVERVIEW

High Quality NNN Leased Investment For Sale DO NOT DISTURB TENANT. Call to tour. Can be sold with NNN Leased Investment at 3701 Main St. Vancouver, WA 98663 ($1,025,000 with 6.5 CAP) PROPERTY/BUILDING: -Fully remodeled in 2018 inside and out including all plumbing, electrical, HVAC and roof (asphalt torch-down) -Excellent mix of 4 retail Units. -Separately metered -2 lots. 7507 NE Glisan can be a stand alone building -Fenced parking/yard -Beautiful interiors with 4 ADA restrooms, open commercial kitchen, event space, offices, and retail storefronts. -1 grade level roll-up door LEASE/TENANT: -100% leased by White Pepper Catering since May, 2018 through April, 2029 -True Triple Net Lease. Tenant conducts all property maintenance. No property manager required! -3% annual Base Rent increases. -Sticky lease. Tenant invested $400,000 in 2018 renovation. -Excellent tenant financials. Available upon executed PSA. -Likely to renew for a longer term. -Future-proof with good mix of small units.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CM2

APN/PARCEL ID

R119498,R119499

ASK ABOUT THIS PROPERTY

Phil CoutrakonBango Building, LLCMore Info
408-314-8582

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Phil CoutrakonBango Building, LLCMore Info
408-314-8582

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