303 Harrison BlvdCorvallis, OR 97330

This exceptional investment opportunity presents a 1,800 square foot, single-tenant, net-leased Verizon Wireless store located at 303 NW Harrison Blvd, Corvallis, Oregon 97330. The property boasts a prime location at a signalized intersection, offering high visibility to commuters entering Corvallis. The building, constructed in 2019, is a Class B, single-story structure with eight parking spaces. The current lease, with Verizon Wireless (a franchisee), is a NN+ type, meaning landlord responsibilities are limited to roof and structure maintenance. The lease commenced May 1, 2015, and has a remaining term of approximately 0.4 years, expiring April 30, 2025, with two lease options. Rent increases annually by 2% on May 1st. The property generates a strong net operating income (NOI) of $45,492, resulting in a compelling 5.49% cap rate. The asking price is $828,000, translating to $460 per square foot. This is a hands-off investment with a strong, national tenant and a proven track record of success. The property's high visibility and location on two main thoroughfares make it an attractive investment for passive income seekers. The 100% occupancy rate further enhances its appeal.