2515 NW Nicolai St
Portland, OR 97210
The Nicolai Building · Industrial Property For Sale

Investment Information: • 100% NNN Leased Cannabis Warehouse with experienced operator (both retail dispensary and grow operation) • $27,054 NNN monthly rent with 3.0% Annual Increases • Long term lease in place until June 2023 with option to extend until 2028 • Master Tenant has availability for owner-user buyers to occupy grow or dispensary space • Over $1.2 million in recent upgrades including heavy power, HVAC, office, storefronts and much more Building Information: • 25,039 SF Warehouse with mix of storage, production, retail and office (majority is industrial) • High quality concrete tilt up construction • Numerous recent upgrades including heavy electrical, HVAC, exterior paint, office buildout and exterior storefronts • 3 dock high and 3 grade level loading doors with ability for additional doors • Multi-Tenant building design with 6 storefronts • Industrial Zoning, city of Portland, • Excellent location just off I-405 and 1 minute to NW 23rd avenue shops, restaurants and bars, amazing location