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STNL Industrial - REIC Rentals (Hood River) 1113 Tucker Rd 6,250 SF Flex Building Hood River, OR 97031 $2,800,000 ($448/SF) 5.46% Cap Rate
Investment Highlights
- Net-Leased IOS Asset with Nationally-Operating Tenant
- Tenant Open to a 5-Year Extension
- Seller Financing Available
- 55-Year Operating History at the Site
- Rare Low-Coverage IOS / Owner-User Optionality
Executive Summary
Westover Industrial Partners is pleased to present 1113 Tucker Rd, a 2.69-acre single-tenant industrial outdoor storage (IOS) facility in Hood River, Oregon, net leased to REIC Rentals, LLC. The low-coverage, yard-dominant site sits directly on the I-84 corridor through the Columbia River Gorge — a market where developable industrial land and improved yard space are exceptionally scarce.
The property is occupied by REIC Rentals, LLC, which recently acquired a long-tenured operating business carrying a 50-plus-year history. The NNN lease has two years of remaining term with no renewal options and 3% annual increases, producing current NOI of $152,400.
The short remaining term is the offering's defining feature. It positions the asset for passive net-lease and 1031 capital seeking yield with near-term mark-to-market upside, while simultaneously drawing local and regional owner-users who rarely find a chance to own scarce, infill yard space along the corridor.
The property is occupied by REIC Rentals, LLC, which recently acquired a long-tenured operating business carrying a 50-plus-year history. The NNN lease has two years of remaining term with no renewal options and 3% annual increases, producing current NOI of $152,400.
The short remaining term is the offering's defining feature. It positions the asset for passive net-lease and 1031 capital seeking yield with near-term mark-to-market upside, while simultaneously drawing local and regional owner-users who rarely find a chance to own scarce, infill yard space along the corridor.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- REIC Rentals
- Rental and Leasing Services
- -
- -
- Triple Net
- Apr 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| REIC Rentals | Rental and Leasing Services | - | - | Triple Net | Apr 2028 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02N-10E-01-B0-03702-6582.00 | Improvements Assessment | $180,810 |
| Land Assessment | $50,580 | Total Assessment | $231,390 |
Property Taxes
Parcel Number
02N-10E-01-B0-03702-6582.00
Land Assessment
$50,580
Improvements Assessment
$180,810
Total Assessment
$231,390
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STNL Industrial - REIC Rentals (Hood River) | 1113 Tucker Rd
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