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Dollar General Absolute NNN Lease 310 S Main St 10,000 SF Retail Building Boardman, OR 97818 $2,210,341 ($221.03/SF) 6.15% Cap Rate


Investment Highlights
- Absolute NNN Lease with Corporate Guarantee
- Rental Increases of 10% in Options
- Proximity to I-84 and Port of Morrow
- Zero Landlord Responsibilities
- Located in a Rapidly Expanding Economic Hub
- 19,200 Vehicles Per Day at the Nearby I-84 Interchange
Executive Summary
The Kase Group is pleased to o??er the opportunity to acquire a Dollar General property at 310 South Main Street, Boardman, OR, secured by a 15-year Absolute NNN lease, with zero landlord responsibilities. The lease, which commenced in May 2022 and is set to expire in May 2037, offers a highly secure and passive income stream. Additionally, the lease structure includes 10% rental increases during each of the three, 5 year option periods.
Located on Main Street in the heart of Boardman, this Dollar General benefits from exceptional visibility and direct access to the city's primary north-south commercial corridor. Positioned less than 0.5 miles south of the Interstate 84 interchange, the site captures significant daily traffic, with I-84 handling approximately 19,200 vehicles per day. The property sits directly in the path of Boardman's rapid economic transformation, ensuring maximum exposure to both the expanding local workforce and regional transient traffic traveling through the Columbia Basin.
Located on Main Street in the heart of Boardman, this Dollar General benefits from exceptional visibility and direct access to the city's primary north-south commercial corridor. Positioned less than 0.5 miles south of the Interstate 84 interchange, the site captures significant daily traffic, with I-84 handling approximately 19,200 vehicles per day. The property sits directly in the path of Boardman's rapid economic transformation, ensuring maximum exposure to both the expanding local workforce and regional transient traffic traveling through the Columbia Basin.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
2021
Price
$2,210,341
Price Per SF
$221.03
Cap Rate
6.15%
NOI
$135,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.14 AC
Zoning
C1
Property Taxes
| Parcel Number | R08729 | Improvements Assessment | $7,875,000 |
| Land Assessment | $362,810 | Total Assessment | $8,237,810 |
Property Taxes
Parcel Number
R08729
Land Assessment
$362,810
Improvements Assessment
$7,875,000
Total Assessment
$8,237,810
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Dollar General Absolute NNN Lease | 310 S Main St
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