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711 NE Halsey St
Portland, OR 97232
Guidepost Montessori · Retail Property For Sale
Investment Highlights
- 19+ years remaining on absolute net lease with 2% annual rental increases
- $1B redevelopment of Lloyd Center approved (located one block away from the subject property), may include a potential baseball stadium
- Subject property benefits from numerous surrounding office parks and retail corridors which make it an ideal location for parents working in the area
- Lease guaranteed by Higher Ground Education (HGE), a corporate school operator with significant financial backing and an executive team with 20+ year
- Extremely high barriers to entry due to zoning and impact fees making this a difficult scenario to replicate having a freestanding school this close
- Portland is the largest city in Oregon and the 2nd largest in the Pacific Northwest boasting excellent residential demographics – 428,897 residents
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,200 SF
Building Class
C
Year Built/Renovated
1993/2022
Tenancy
Single
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.22 AC
Zoning
CX - Central Commercial
Frontage
202’ on NE Halsey St
Amenities
- Corner Lot
- Fenced Lot
- Security System
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | R182324 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,396,060 |
Property Taxes
Parcel Number
R182324
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,396,060
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