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Airport Center 1910-2020 NE Cornell Rd 1,255 SF of Retail Space Available in Hillsboro, OR 97124
Highlights
- Turnkey Restaurant Buildout
- High-Visibility Signage
- Existing Kitchen Infrastructure
- ~$60K in Landlord-Owned Equipment
- Two Walk-In Coolers
- Ample Parking
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste C | 1,255 SF | 5 Years | $4.00 /SF/YR $0.33 /SF/MO $5,020 /YR $418.33 /MO | Triple Net (NNN) |
2020 NE Cornell Rd - 1st Floor - Ste C
Excellent opportunity to lease a fully built-out, second-generation restaurant space at Hillsboro Airport Center. Formerly operated as a Subway, the space is located along busy NE Cornell Road near Hillsboro Airport, Intel campuses, and the Sunset Corridor. The restaurant is already configured for quick-service or fast-casual operations and includes approximately $60,000 in existing restaurant equipment, furniture, fixtures, and infrastructure owned by the landlord. Equipment terms are negotiable as part of the lease, providing an incoming operator the opportunity to significantly reduce upfront build-out costs and potentially open much faster than starting with an empty shell. Existing Equipment & Improvements The space currently includes: * Stainless countertop cold food table refrigerator * Two walk-in coolers * Stainless-steel sink with water supply and drain * Two dual-rack bakery ovens * Electric oven * Menumaster touch-control commercial microwave oven * Commercial slicer * Glass-door display refrigerator * Bread racks * Metal shelving * 8-valve post-mix countertop beverage dispenser * Existing interior booths, tables, and chairs * Outdoor tables and chairs * Large exterior signage opportunity Approximately $60,000 of equipment and furnishings is landlord-owned and may be negotiated with the lease. Property Highlights Located in an established neighborhood retail center, the space offers strong visibility, convenient customer access, ample parking, and proximity to some of Hillsboro’s largest employment centers. The existing restaurant infrastructure makes the property particularly well suited for a sandwich/deli concept, bakery, grab-and-go operation, specialty food business, or other compatible quick-service or fast-casual concept. The location benefits from nearby Intel employment campuses, Hillsboro Airport, surrounding businesses, residential neighborhoods, and commuter traffic along NE Cornell Road. Use Restrictions To maintain the center’s existing tenant mix and avoid conflicts with current tenants, the following restaurant concepts are currently restricted: Korean, Vietnamese, Chinese, pizza, ramen, Mongolian, teriyaki, and coffee shop. Turnkey Restaurant Opportunity For an operator looking to avoid the expense and time associated with building a restaurant from an empty shell, this space provides substantial existing infrastructure and equipment. Lease terms and use of the landlord-owned restaurant equipment are negotiable. Former Subway location | Existing restaurant build-out | Approx. $60,000 in landlord-owned equipment | Excellent signage | Ample parking | NE Cornell Road location
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air Conditioning
- Freezer Space
- Turnkey Buildout, 60k in equipment, Pylon Sign
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Airport Center
- Tenant
- Description
- US Locations
- Reach
- CHOMI
- Retailer
- 1
- -
- Cornell Mini Mart
- Supermarket
- 1
- -
- Dancing Dragon Restaurant
- Restaurant
- 1
- -
- Papa Johns
- Pizza
- 3,189
- International
- Subway
- Sub Sandwich
- 26,386
- International
- Uptown Copy
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| CHOMI | Retailer | 1 | - |
| Cornell Mini Mart | Supermarket | 1 | - |
| Dancing Dragon Restaurant | Restaurant | 1 | - |
| Papa Johns | Pizza | 3,189 | International |
| Subway | Sub Sandwich | 26,386 | International |
| Uptown Copy | Services | 1 | - |
Property Facts
| Total Space Available | 1,255 SF | Frontage | 596’ on Cornell Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 19,880 SF |
| Parking | 300 Spaces | Total Land Area | 6.24 AC |
| Stores | 12 | Year Built | 1980 |
| Center Properties | 3 |
| Total Space Available | 1,255 SF |
| Center Type | Neighborhood Center |
| Parking | 300 Spaces |
| Stores | 12 |
| Center Properties | 3 |
| Frontage | 596’ on Cornell Rd |
| Gross Leasable Area | 19,880 SF |
| Total Land Area | 6.24 AC |
| Year Built | 1980 |
Features and Amenities
- Pylon Sign
- Enclosed Mall
Nearby Major Retailers
Contact the Leasing Agent
Airport Center | 1910-2020 NE Cornell Rd