8220 Davis StPortland, OR 97220

For Sale
$895,000

High-Yield Food Cart Pod, 15 Units

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 15-unit food cart pod located at 8220 NE Davis St, Portland, Oregon, 97220. Boasting 8,200 square feet of net rentable space, this thriving business is priced at $895,000 and offers a compelling 10.28% cap rate with a current NOI of $92,000. The property operates under a ground lease expiring June 1, 2036, providing long-term stability. This multi-tenant property is perfectly positioned to capitalize on the rapidly growing food cart industry in the Portland metro area. The current configuration serves as an ideal incubator model for the restaurant industry, offering a low barrier to entry for tenants. Significant upside potential exists through various avenues, including expense recapture, facility streamlining, repurposing underutilized space, and rent optimization. The property is fully compliant with Portland's updated food cart pod regulations, benefiting from the displacement of carts from non-compliant locations. Minimal owner involvement is required, with opportunities for growth through targeted marketing and sales initiatives. This is a turnkey investment ready for immediate returns and future expansion within a dynamic and expanding market. The property is situated in Multnomah County.

Highlights

  • $895,000 asking price for a multi-tenant business opportunity.
  • 15-unit food cart pod totaling 8,200 square feet of net rentable area in Portland, Oregon.
  • 10.28% cap rate with a $92,000 net operating income (NOI).
  • Located at 8220 NE Davis St, Portland, OR 97220, subject to a ground lease expiring June 1, 2036.

Property Details for 8220 Davis St

Property type
Investment properties, Other commercial real estate
Units
15

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5244331
Longitude
-122.5788389
8220 Davis St, Portland, Oregon

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8220 Davis St
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