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617 NE 102nd Ave
Portland, OR 97220
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Superior visibility with 21,236 vehicles daily on NE 102nd Ave. Adjacent to Gateway Shopping Center with major retailers.
- Boss Hawgs pub, 15+ year tenant with NNN lease, 4+ years remaining plus two 5-year options.
- 0.47-acre lot exceeds current 2,914 SF building.
- Just 1/4 mile from I-205 (156,447 VPD). Serves 450,000 residents within 5 mile
- $92,235.36 annual rent with CPI increases. Tenant covers taxes, utilities, and insurance.
- Income growth from $80,931 to $116,806 by 2029 within 5 miles.
EXECUTIVE SUMMARY
This single-tenant NNN investment features Boss Hawgs, an established neighborhood pub with 15+ years of operational
history at this high-traffic location. The property offers a compelling blend of stable current income and future development
potential, with annual rent of $92,235.36 and strong lease terms including CPI increases.
history at this high-traffic location. The property offers a compelling blend of stable current income and future development
potential, with annual rent of $92,235.36 and strong lease terms including CPI increases.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,914 SF
Building Class
B
Year Built
1972
Price
$1,475,000
Price Per SF
$506.18
Cap Rate
6%
NOI
$88,543
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
Central Commercial (CX) - The CX zone is a high density commercial zone intended for development within Portland's most urban and intense areas. The CX zone allows for intense
Parking
30 Spaces (10.3 Spaces per 1,000 SF Leased)
Frontage
88’ on 102nd Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $696,650 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$696,650
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