8703 82Nd AvePortland, OR 97086

Property Details for 8703 82Nd Ave

Year built

2000

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,000 square foot, single-story retail building in Portland, Oregon. Currently 100% occupied by a credit-rated, nationally recognized auto parts retailer under an absolute NNN lease with a remaining term of 10.8 years, expiring August 13, 2035. The lease includes four, five-year renewal options with a 7.5% rent increase every five years, starting in year six. The property boasts a strong net operating income (NOI) of $116,779, yielding a 5.25% cap rate. Built in 2000, the property is strategically located in a high-traffic area with significant retail synergy, benefiting from proximity to major retailers and a densely populated residential area with an average household income near $100,000. The tenant's performance consistently ranks in the top quartile nationally and within its state network. This offering represents a rare opportunity to acquire a below-market rent, long-term, passively managed investment with a blue-chip tenant and significant upside potential. The property is situated at 8703 SE 82nd Ave, Portland, OR 97086, within Clackamas County. The asking price is $2,224,377.

Location Insight

City

Portland

County

Clackamas

State

Oregon

Latitude

45.46

Longitude

-122.579

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