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505 NW Burnside Rd

505, Burnside Rd, Gresham, OR 97030
$1,870,000

Description

505 NW Burnside Rd (Status: Available)

505, Burnside Rd, Gresham, OR  97030

• Over 5 Years of firm term remaining with attractive 2-3% annual rental increases through existing term and each 5 year renewal.• Although actual sales data is confidential, this location does report strong sales, contact CPX.• Annual rent increases provide opportunity to increase yield by 60 basis points over the first five years of the holding period.• NNN Lease structure provides limited Landlord responsibilities.• Ideally located with high visibility on NW Burnside Rd with daily traffic counts in excess of 29,346.• Nectar is a fast-growing, market-share leading Oregon cannabis entity with 36 locations across the state.

Listing Details

Asset Class: Retail
Year Built: 1980
Building Total Square Feet: 3465
Available Lease Space Square Feet: 3465
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: CC

CBA

Listing Courtesy of: CPX LLC

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 505, Burnside Rd, Gresham, OR 97030
  • City: Gresham
  • State/county: OR
  • Zip/Postal Code: 97030
  • Neighborhood: Not Assigned
  • Country: United States

Detail

Updated on August 19, 2022 at 4:16 am

  • Property ID: 655005
  • Price: $1,870,000.00/For Sale
  • Property Size: 3465 Sq Ft
  • Property Type: Retail
  • Property Status: Available

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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