8703 SE 82nd Ave | Portland, OR 97086
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- LoopNet Team
8703 SE 82nd Ave
Portland, OR 97086
O'Reilly Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guarantee – The lease is corporately guaranteed by O’Reilly corporate with an investment grade credit rating (S&P: BBB)
- Essential Retailer – O’Reilly Auto Parts was one of the few tenants who exceled through the pandemic as seen in their market capitalization growth
- Strong Market – Subject property is located in the Portland MSA, a Top 20 MSA in the US with over 650,000 residents
- Absolute Passivity – Landlord benefits from an absolute passive investment where the tenant is responsible for taxes, insurance, and CAM
- Rental Upside – Tenant is currently paying below market rent, with a short-term remaining, allowing a new owner to raise rent
- New Developments in the Area – The immediate area possesses two new developments, a 280+ unit multifamily development and new express car wash
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.69 AC
Zoning
CC - Construction
Parking
29 Spaces (4.14 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 00052285 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,494,002 |
PROPERTY TAXES
Parcel Number
00052285
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,494,002
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