1225 Hogan DrGresham, OR 97030
- Retail properties
- 3,848 SF
Property Details for 1225 Hogan Dr
- Property size (Sq ft)
- 3,848 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This exceptional value-add retail property in Gresham, Oregon, presents a compelling investment opportunity. Located at 1225-1245 NE Hogan Dr, 97030, this single-story, 3,848 square foot building sits on a 0.57-acre lot and boasts a 100% occupancy rate with two tenants. The property features a bar and a convenience store, operating under a triple-net (NNN) lease structure. Built in 1973, the property benefits from high visibility and convenient access on Hogan Drive in Multnomah County. The current cap rate stands at 7.04%, and the asking price is $1,600,000. This multi-tenant retail strip offers below-market rents, presenting significant potential for increased revenue. The property is ideally suited for a 1031 exchange. One tenant operates a lottery bar with six machines. The property's large parcel size provides additional development potential. This is a rare chance to acquire a well-located, high-performing retail asset in a thriving market.
Location Insight
- City
- Gresham
- County
- Multnomah
- State
- Oregon
- Latitude
- 45.506
- Longitude
- -122.414
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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