1055 Northwest Washington Avenue
Ontario, OR
Price:
$5,000,000
Cap Rate:
8.00%
NOI:
$400,000
Building Size:
Approx. 2,991 Sq. Ft.
Lot Size:
Approx. 2.36 Acres
Type:
Single-Tenant / Retail
Year Built:
2019
Investment Overview
- 2019 Construction. 2,991+/- SF Building on 2.36+/- Acre Site
- 10 Year Absolute NNN Lease w/ 2% Annual Rent Increases
- Excellent Location Along I-84 (37K VPD) w/ Strong Auxiliary Traffic from Hwy 30 (10K VPD)
- Subject Store Has Very Healthy Rent to Sales Ratio (Ask Agent for Details)
- Largest Cannabis Company in Oregon, Operating 41 Dispensaries and 10 Farms
- 2.36 Acres Gives Buyer Additional Development Opportunities for Site
- Ontario is 1 Mile from Idaho Border Where Cannabis is Illegal for Medical or Recreational Use