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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.
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Contacts
Nick Bushong
Olivia Franssen
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930 Sandy Blvd, Portland, Oregon, 97214
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.