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Investment Highlights

  • Raising Cane’s Chicken Fingers – Absolute NNN Ground Lease
  • Oversized 1.8 acre parcel; double-drive thru location
  • Raising Cane’s posted $5.1 billion in systemwide sales in 2024, up 33% year-over-year, with same-store sales increasing 15%
  • New 15-year corporate-guaranteed lease with 10% rental increases every 5 years
  • Only drive-thru format Raising Cane’s in Oregon; 2nd overall location in the state
  • #2 average unit volume in fast food: average unit-level sales of 6.6 million are more than double the QSR peer average

Executive Summary

Absolute NNN Ground Lease with a Double Drive-Thru | Brand-New 15-Year Corporate-Guaranteed Lease | Rental Increases Every 5 Years | Only Drive-Thru Location in Oregon | Oversized 1.8-Acre Parcel | Portland MSA; 235,000 Residents, $100,000 AHHI within 5 Miles

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,330 SF
Building Class
B
Year Built
2026
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.81 AC
Opportunity Zone
Yes
Zoning
GC
Parking
68 Spaces (20.42 Spaces per 1,000 SF Leased)
Frontage
299’ on 223rd Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • -

BedMart Mattress Superstores is the largest family owned and operated mattress company in Oregon, Southwest Washington, and Hawai'i. For 26 years they've been transforming the lives of their customers, one night at a time! Being Bed Smart is about shopping smart for your new mattress. Sometimes, finding the right mattress can be confusing, frustrating, or maybe even awkward! At BedMart they want to help you Be Bed Smart when you shop for your new bedroom furniture. They promise to simplify your shopping experience by giving you all the information you need to know in order to make an informed buying decision, while offering the best services in the industry!

  • Finance and Insurance
  • -
  • -
  • -
  • -

Columbia Bank began operations in 1993 in Tacoma, Washington, after a corporate reorganization. It expanded through strategic acquisitions of institutions like Bank of Astoria and Pacific Continental Bank. The bank provides consumer and business banking, loans, and wealth management services. After merging with Umpqua Holdings in 2023, it now operates under the Umpqua Bank brand in several Western states. The company emphasizes personalized service and community involvement while maintaining a significant market presence.

  • Retailer
  • -
  • -
  • -
  • -

Natural Grocers is a U.S.-based grocery retailer specializing in natural and organic foods, dietary supplements, and eco-friendly household products. It runs a network of stores across multiple states, offering a curated selection of organic produce, natural body care, pet products, and nutritional education resources. The company emphasizes sustainability and affordability, maintaining strict product quality standards and providing educational programs to promote healthy lifestyles. Natural Grocers is publicly traded on the New York Stock Exchange under the ticker symbol NGVC. Over the decades, the brand has grown from a family-run business into a recognized name in the natural grocery sector, continuing to expand its footprint while supporting community health initiatives.

  • Information
  • -
  • -
  • -
  • -

Deutsche Telekom AG provides fixed-network/broadband, mobile communications, Internet, and IPTV products and services for consumers, and information and communication technology (ICT) solutions for business and corporate customers. Deutsche Telekom is present in many countries. Today, they are developing from a classic telephone company into a service company of a completely new type: the software company that sells telecommunications services. Because only a Telekom that is digitalised in all areas can continue the successful path of the past years. With their presence in Europe and the USA, they are ideally positioned for this. They want to become the leading digital telco. The core business, i.e. the operation and sale of networks and connections, will remain the basis.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net -
Finance and Insurance - - - -
Retailer - - - -
Information - - - -
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100

Nearby Major Retailers

Dutch Bros
KeyBank
Red Lobster
Applebee's
Black Bear Diner
LA Fitness
Orangetheory Fitness
Starbucks
Red Robin
Snap Fitness 24/7

Property Taxes

Property Taxes

Parcel Number
R337585
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,033,750
  • Listing ID: 40991319

  • Date on Market: 6/19/2026

  • Last Updated:

  • Address: 401-419 NW Burnside Rd, Gresham, OR 97030

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