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348 SE 10th Ave 6,900 SF Retail Building Hillsboro, OR 97123 $1,700,000 ($246.38/SF)
Investment Highlights
- Leased through July 31, 2037
- Strong rent increases
- Successful Sherwin-Williams location for decades
- Extension Options through July 31, 2047
- Below Market Rent
Executive Summary
The property is located in the vibrant core of Hillsboro, Oregon on the corner of SE 10th and Oak Street. This prime retail location is visible and accessible from one of the primary vehicle routs from the South Hillsboro expansion area; with an expected 8,000 new homes and 20,000 new residents.
Sherwin-Williams is a long term tenant and recently committed to a long term lease extension through July of 2037 with extension options through July 31st, 2047.
Sherwin-Williams is a long term tenant and recently committed to a long term lease extension through July of 2037 with extension options through July 31st, 2047.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,900 SF
Building Class
C
Year Built
1997
Price
$1,700,000
Price Per SF
$246.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.39 AC
Zoning
SCC-DT - City of Hillsboro
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0323046 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $810,410 |
Property Taxes
Parcel Number
R0323046
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$810,410
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348 SE 10th Ave
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