16725 SE McLoughlin Blvd 7,380 SF Retail Building Milwaukie, OR 97267 $1,575,000 ($213.41/SF) 4.11% Cap Rate

(3) buildings, fully leased. 7380 of rentable space. Leases renew from 30 days (MTM tenant) to 2030 depending on space. Currently (4) tenants including convenience store (anchor). ample parking with front and rear lots, 197' frontage to McLoughlin Blvd (Hwy 99) and cross street Naef with signal. Lot access from both roads. High traffic location. Minimal landscape needs. Lot size 34,412 sf. Zoning C3 per public record.
For owner-occupied use: one smaller space (currently MTM) could be vacated quickly for owner-occupied use, more spaces renewing in the next 18 months. Property holds potential for both owner occupied and investment applications- occupy part and enjoy rental income from the space you are not using.
For investors: All current rents comparatively low- buyers to determine future rates with due diligence. Great frontage and visibility make this space desirable to tenants. Room for income growth in the next two years.
DND tenants. Feel free to drive thru the parking lots and see the buildings and lots. Copies of leases and interior inspections will be provided with signed purchase agreement. This is a great opportunity you don't want to miss!