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122nd & Stark Retail Sale 3 Retail Properties Offered at $4,300,000 in Portland, OR
INVESTMENT HIGHLIGHTS
- High-yield covered land play providing a 9.07% cap rate on existing income
- CM2 Zoning allows for variety of future development options (Multi-Family, Retail, Medical, and Office)
- Dense residential area with a population over 176,000 within 3 miles
- 48% of NOI derives from Bank of America, Investment-Grade credit rating of A+ (S&P) - Deposits of $106M
- Exceptional traffic counts of 43K+ directly in front of the property
- Absolute Net and NNN lease structures in place
EXECUTIVE SUMMARY
High Yield Covered Land Play. $37/SF on Land, 9.07% Cap on In-Place Income
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
El Mojito
12222 SE Stark St, Portland, OR 97233 |
Retail | 8,280 SF | 1975 | - |
|
Bank of America
510 SE 122nd Ave, Portland, OR 97233 |
Retail | 6,000 SF | 1985 | - |
|
Bridge City Taproom
620 SE 122nd Ave, Portland, OR 97233 |
Retail | 4,515 SF | 1977 | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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122nd & Stark Retail Sale
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