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4931 SE 82nd Ave
Portland, OR 97266
Retail Property For Sale
Investment Highlights
- Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
- High Performing Location – This IHOP location has consistently performed above the average systemwide store sales for IHOP
- Excellent Traffic Counts – The property is located off SE 82nd Ave and SE Raymond Ct which see more than 21,000 vehicles per day
- Corporate Guaranty – The lease is guaranteed by IHOP Leasing, LLC, a subsidiary of International House of Pancakes, LLC.
- Secure Real Estate w/ Future Upside – Investors have the rare opportunity to acquire an IHOP with attractive percentage rent increases
- Strong Demographics – There are more than 463,000 people in a 5-mile radius of the property.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,741 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.90 AC
Zoning
CG
Parking
58 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | R213993 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $877,790 |
Property Taxes
Parcel Number
R213993
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$877,790
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