8028 SE Stark St - Storefront FOR SALE


Portland, OR 97215
$1,100,000 USD
503-314-1099
8028 SE Stark St, Portland, OR for Sale
$1,100,000 USD
Storefront - FOR SALE
1/9
null | 8.13% Cap Rate

8028 SE Stark St
Portland, OR 97215


HIGHLIGHTS

  • Single Tenant Net Leased Investment
  • Desirable Montavilla Location
  • Excellent Dispensary Tenant Track Record

OVERVIEW

Capacity Commercial Group is pleased to exclusively present for sale the Montavilla Broadway Cannabis Market at 8028 SE Stark Street. The 5,000 SF building has everything an investor could want - an excellent location, class A retail tenant improvements, a low asking price per SF and sustainable rent. The newly signed five year NNN lease with options ensures long term stability with tenant Broadway Cannabis Market, which has a strong track record of success in leased buildings throughout the Portland area since its inception in 2019. The site features flexible mixed-use zoning (CM2) which allows for retail, light industrial, multifamily and office. Situated in the heart of SE Portland Oregon’s Montavilla Neighborhood, this site is the only dispensary serving the high foot traffic Stark Street corridor between SE 82nd and Mt. Tabor. The building has the ability to be completely open with one row of columns and several stories of multifamily housing may be added above the existing structure. Property Overview: Address 8028 SE Stark St, Portland, OR 97215 Asset Type: Retail Building Property Zoning Commercial Mixed Use 2 (CM2) Building Size: 5,000 SF Parcel ID: R332498 Use Type: Dispensary Sale Price: $1,100,000

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

8.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

CM2

APN/PARCEL ID

R332498

ASK ABOUT THIS PROPERTY

Jason VanAbramsCapacity Commercial Group LLCMore Info
503-314-1099

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

Jason VanAbramsCapacity Commercial Group LLCMore Info
503-314-1099

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