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990 NW Eastman Pky 2,700 SF Retail Condo Unit Offered at $1,970,000 in Gresham, OR 97030
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.10% |
| Sale Type | Investment |
| Cap Rate | 6.10% |
Description
Built-in 20% rent increase upon tenant exercising 10-year option, increasing yield an estimated 100 basis points.
- Established Burger King location with 37-year operating history. This location ranks in the top 10 in OR and 83rd percentile nationwide.
- Located within Gresham Town Fair, a 264K SF community shopping center which sees over 2.6M in annual visits and is anchored by Ross, Dick’s Sporting Goods, and PetSmart.
- High visibility on hard corner of Division and Eastman Parkway, visible to 25,914 VPD.
High-density residential trade area with 235,000+ residents within a 5-mile radius.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 17 | 2,700 SF | Retail | $1,970,000 ($729.63/SF) | $120,170 |
Unit 17
| Unit Size |
| 2,700 SF |
| Condo Use |
| Retail |
| Price |
| $1,970,000 ($729.63/SF) |
| NOI |
| $120,170 |
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Unit 17
| Unit Size | 2,700 SF |
| Condo Use | Retail |
| Price | $1,970,000 ($729.63/SF) |
| NOI | $120,170 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Description | |
Built-in 20% rent increase upon tenant exercising 10-year option, increasing yield an estimated 100 basis points.
|
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Signage
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
