Burnt River Farms (Nectar) Ontario, OR

1055 Northwest Washington Avenue
Ontario, OR

Price: $7,000,000
Cap Rate: 8.00%
NOI: $560,000
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 38 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