920 Wood Village BlvdWood Village, OR 97060

Property Details for 920 Wood Village Blvd

Lot size

0.78 AC

Zone code

TC

Property type

Retail space

APN

1N3E34B 00817

APU

1N3E34B00817

Description

This exceptional investment opportunity presents a brand-new, fee-simple Chipotle restaurant in Wood Village, Oregon. Built in 2023, this 2,325 square foot QSR boasts a signature Chipotlane drive-thru, indoor dining, and outdoor patio seating. Situated on a 1.41-acre lot with 38 parking spaces, the property enjoys a prime location as an outparcel to the Wood Village Town Center. The 100% occupied property is under a corporate-guaranteed, 15-year net lease (NN) with 14.1 years remaining, featuring fixed 7.5% rent increases every five years. The lease includes three five-year renewal options. The property generates a strong NOI of $145,313, representing a 5.00% cap rate and a price per square foot of $1,250. The asking price is $2,906,260. This investment offers exceptional cash flow, built-in rent growth, and a resilient tenant in a desirable location within the Portland MSA. The property's address is 920 NE Wood Village Blvd, Wood Village, OR 97060, and its APN is R489399. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth potential. The property benefits from excellent visibility, strong traffic counts, and limited fast-food competition. The tenant, Chipotle, is a well-established, recession-resistant brand. This is a truly exceptional investment opportunity for those seeking a stable, high-return asset.

• CAP approach

  CAP return

  Valuation

  6%

  $13,760,614

  6.5%

  $12,702,106

  7%

  $11,794,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,540,049

  Geo Method

  $16,540,049

• Alternative Use

  Use

  Valuation

  Residential

  $10,714,701

  Hospitality

  $9,814,609

  Educational

  $8,165,640

  Medical

  $8,446,468

  Retail

  $12,702,106

Location Insight

City

Wood Village

County

Multnomah

State

Oregon

Latitude

45.5295

Longitude

-122.427

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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