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990 NW Eastman Pky 2,700 SF Retail Condo Unit Offered at $2,400,000 in Gresham, OR 97030

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1 Unit Available

Unit 17

Unit Size	2,700 SF	Sale Type	Investment
Price	$2,400,000	Cap Rate	5.00%
Price Per SF	$888.89	NOI	$120,000
Condo Use	Retail

Unit Size	2,700 SF
Price	$2,400,000
Price Per SF	$888.89
Condo Use	Retail
Sale Type	Investment
Cap Rate	5.00%
NOI	$120,000

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.

BurgerKing-Gresham-OR-Loopnet

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.

Total Building Size	3,700 SF	Year Built	1987
Property Type	Retail (Condo)	Tenancy	Single
Property Subtype	Fast Food General Retail Restaurant	Lot Size	0.52 AC
Building Class	B	Parking Ratio	4.88/1,000 SF
Floors	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Typical Floor Size	3,700 SF
Zoning	DC1

Total Building Size	3,700 SF
Property Type	Retail (Condo)
Property Subtype	Fast Food General Retail Restaurant
Building Class	B
Floors	1
Typical Floor Size	3,700 SF
Year Built	1987
Tenancy	Single
Lot Size	0.52 AC
Parking Ratio	4.88/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DC1