7906 Barbur BlvdPortland, OR 97219

Property Details for 7906 Barbur Blvd

Year built

1977

Lot size

0.11 AC

Property size (Sq ft)

800 SF

Zone code

CG

Property type

Commercial real estate

APN

1S1E21CA 06100

APU

1S1E21CA06100

Description

This 800-square-foot Portland storefront, built in 1977, presents a compelling investment opportunity. Currently 100% occupied by H&R Block under a triple-net (NNN) lease expiring April 1, 2028, with a tenant option for a two-year renewal. The tenant, established since 2002, enjoys a strong location on SW Barbur Blvd in Multnomah County (zip code 97219), benefiting from high traffic volume (22,688 vehicles per day based on a 2020 estimate). The property sits on a 0.11-acre lot and includes 8 parking spaces. The base rent is $1,591.50 per month (NNN) starting May 1, 2025, increasing by 3% annually. The seller guarantees this base rent until May 1, 2025. The property is zoned Commercial Employment (CE) and classified as a Class C retail building. This owner-user investment is priced at $325,000. The surrounding area boasts a high concentration of professionals in healthcare, technology, and retail, making it an ideal location for a variety of businesses. The property's single-tenant occupancy minimizes management complexities, offering a stable and predictable income stream. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving Portland neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $162,317

  Hospitality

  $148,681

  Educational

  $123,701

  Medical

  $127,955

  Retail

  $192,424

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4674

Longitude

-122.694

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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