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The Venetian 253 E Main St 10,923 SF 100% Leased Retail Building Hillsboro, OR 97123 $3,986,000 ($364.92/SF) 7% Cap Rate
Investment Highlights
- Brand new 7-year lease with established event company; commences January 1, 2026
- The floor plan features three distinct areas which allows for multiple sources of revenue by the operator
- Building has received major renovations including interior upgrades in 2021, major building systems upgrades in 2008, and seismic upgrades
- Located on Main Street which has undergone a substantial resurgence with breweries, coffee shops, retailers, and restaurants nearby
Executive Summary
16,000 SF Event and Entertainment Venue in Downtown Hillsboro
Fully Leased | NNN Investment
Sale Price: $3,986,000 ($249/SF)
CAP Rate: 7.00%
Building Size: 16,000 SF
Capacity: 1,200
Tenant: Iris Decorations
Fully Leased | NNN Investment
Sale Price: $3,986,000 ($249/SF)
CAP Rate: 7.00%
Building Size: 16,000 SF
Capacity: 1,200
Tenant: Iris Decorations
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Movie Theater
Building Size
10,923 SF
Building Class
C
Year Built/Renovated
1911/2008
Price
$3,986,000
Price Per SF
$364.92
Cap Rate
7%
NOI
$279,020
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.18 AC
Zoning
SCC-CBD, Hillsboro
Frontage
26’ on E Main St
Amenities
- Bus Line
- Commuter Rail
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Iris Decorations
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Iris Decorations | Services | 99,999 SF | - | Lorem Ipsum | - |
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0702118 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,059,440 |
Property Taxes
Parcel Number
R0702118
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,059,440
Contacts
-
Riley Henderson -
Jeffrey Valdes -
Nicholas Diamond -
Capacity Commercial Group LLC
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The Venetian | 253 E Main St
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