12440 Southeast 82nd Avenue
Portland, OR
Price:
$3,703,000
Cap Rate:
3.50%
NOI:
$129,600
Building Size:
Approx. 3,382 Sq. Ft.
Lot Size:
Approx. 0.61 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1981 / 2021
Investment Overview
- 2021 Renovation. 3,382+/- SF Building on 0.61+/- Acre Site
- New 15 Yr Ground Lease w/ (3) 5 Yr Options to Renew & 7.5% Rent Increases
- Newly Renovated Corporate McDonald’s w/ Projected Lease Commencement in January 2022
- Excellent Location Near Major Interstate 205 (126K VPD) & Sunnyside Medical Center
- Near Burlington, T.J. Maxx, The Home Depot, Best Buy, Ross Dress for Less, Lowe’s
- Strong Income Demos w/ an est. $101,807 within a 5-Mile Radius