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Browse More Listings in Retail For Sale, Gresham, OR or Oregon

Retail Property For Sale

Absolute Net POPEYE'S CHICKEN - Gresham, OR

1570 NE Division Street, Gresham, OR 97030

$Absolute Net POPEYE\'S CHICKEN - Gresham, OR$

Price:
$1,549,000
Building Size:
2,893 SF
Price/SF:
$535.43
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2.5%
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Single
Lot Size:
23,817 SF
Find Out More...

Last Verified 10/7/2009 Listing ID 16259769

Description

NEW Absolute Net POPEYE'S CHICKEN in Gresham, Oregon. Brand new buidling in high-traffic suburb of PORTLAND, OREGON, 20 minutes from Downtown Portland. 20-year absolute net lease through 12/11/2028 with four (4) five-year renewal options. Rent increases 10% every five years. Well capitalized franchisee operates 130 restaurants in four states. Great passive income with no management responsibilities.

Located at the intersection of Division & Burnside across from SAFEWAY and RITE AID adjacent to McDONALD'S. Densely populated Portland suburb with 98,918 residents and 31,372 daytime employees within 3 miles.

Financial Summary

Actual
Net Operating Income
$120,000

Map of 1570 NE Division Street, Gresham, OR 97030 (Multnomah County)

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Created 6/1/2009

Additional Information for 1570 Ne Division Street, Gresham, OR 97030

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1570 NE Division Street, Gresham, OR 97030

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$13.00 - $14.50/SF/Year
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Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

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Sold 2Q 2007
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Sold 4Q 2005

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Absolute Net POPEYE'S CHICKEN - Gresham, OR

1570 NE Division Street, Gresham, OR, 97030