Historical Retail Sale Listing - Net Leased Retail - 15% Cap in Year 5!

Retail For Sale

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Net Leased Retail - 15% Cap in Year 5!

1020 Commercial Street, Astoria, OR 97103

N/A

4,356 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
4,356 SF
Property Type:
Retail
Property Sub-type:
Street Retail
Property Use Type:
Net Lease Investment with
5 years left on lease
Cap Rate:
9%
Occupancy:
100%
Tenancy:
Single
Listing ID
16937171
Last Updated
over 1 year ago

Highlights

  • Leases are NNN
  • Taxes, insurance, maintenance and repair expenses all paid by tenant

Description

9% Cap in Year 1, moving to 15% cap in Year 5. Possible 10% down with seller carryback of 20% down payment. Possible loan in the low-to-mid 4% range.

Heart of the commercial district in downtown Astoria.

Map of 1020 Commercial Street, Astoria, OR 97103 (Clatsop County)

Research for 1020 Commercial Street, Astoria, OR 97103 (Clatsop County)

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