930 Sandy BlvdPortland, OR 97214

For Sale
$4,300,000

Established restaurant, strong NOI, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This fee-simple ownership opportunity presents a highly successful, net-leased restaurant and bar in Portland, Oregon's desirable inner east side. Located at 930 SE Sandy Blvd, this 6,300 square foot property boasts a 6.14% cap rate and a substantial net operating income (NOI) of $264,000. The property, built in 1959 and extensively renovated in 2016 (including electrical, HVAC, waterlines, and a sprinkler system), sits on a 0.14-acre lot and is zoned EX. The current tenant, Jackie's, enjoys a 100% occupancy rate under a single-tenant, NNN lease with a remaining term of 6.5 years, expiring May 31, 2031. The lease commenced December 5, 2021, and includes 3% annual rent escalations beginning June 2027, ensuring consistent income growth. The tenant's proven success and strong sales figures demonstrate reliability and performance, making this a secure investment. Its proximity to the prestigious Soho House further enhances its appeal within this vibrant, high-demand area. The asking price is $4,300,000. This fully stabilized asset offers a compelling combination of a premier location, a well-established tenant, and built-in rent growth, making it an exceptional addition to any investment portfolio.

Highlights

  • $4,300,000 asking price for a 6,300 SF retail property in Portland, OR.
  • Net-leased restaurant/bar with a 6.14% cap rate and $264,000 NOI.
  • NNN lease with 6.5 years remaining, expiring 5/31/2031, including 3% annual rent increases beginning June 2027.
  • 100% occupancy with an established tenant demonstrating strong sales.
  • Located on Portland's desirable inner east side, adjacent to the Soho House, and extensively renovated in 2016.

Property Details for 930 Sandy Blvd

Property type
Other retail properties, Restaurants
Square Feet
6,300 SF
Year Built/Renovated
1959/2016
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5210112
Longitude
-122.6558973
930 Sandy Blvd, Portland, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
930 Sandy Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message