1822 21st Ave 5,055 SF Retail Building Forest Grove, OR 97116 $1,050,000 ($207.72/SF) 6.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Total renovation in 2019
- NNN Leased
- 10 parking spaces
EXECUTIVE SUMMARY
This Over 5055 square foot building in the heart of Down Town Forest Grove and Pacific University. There are one occupant in the building for a good income. Street level opens to one occupant that is government agency Non Profit. There are 10 designated parking spots in the back of the building and a loading dock. Fantastic Investment Property " Turn Key". All Plumbing, underground Plumbing, Electrical, HVAV systems, kitchen HVAC was newly installed in 2019 when the Whole Building was Remodeled. The building was Gutted to the Studs and Revamped. There was also a Cold Room installed in 2019 that is attached on the back of the building. Roof is newer. We encourage a drive by and walk around the building and grounds. Please do not disturb the tenants. $5850.00 NNN lease in place.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,055 SF
Building Class
C
Year Built/Renovated
1960/2019
Price
$1,050,000
Price Per SF
$207.72
Cap Rate
6.58%
NOI
$69,090
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.36 AC
Zoning
GC - general commercial district
Parking
10 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
100’ on 21St Street
AMENITIES
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Non Profit
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Non Profit | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R0423072 | Total Assessment | $60,340 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
CONTACT
-
Allen Riddle -
MORE Realty
