10301 Stark StPortland, OR 97216

Property Details for 10301 Stark St

Year built

1973

Lot size

0.84 AC

Property size (Sq ft)

4,624 SF

Zone code

CXD

Property type

Office properties

APN

1N2E34CC 01900

APU

1N2E34CC01900

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,932 square foot Chase Bank located at 10301 SE Stark St, Portland, OR 97216. The property boasts a 20-year absolute NNN lease, commencing November 1, 2021, and expiring October 31, 2041, with a substantial 17 years remaining. The lease includes 10% rent bumps every five years, providing significant protection against inflation. The current annual net operating income (NOI) is $150,000, yielding a 5.00% cap rate on the $3,000,000 asking price. The property, built in 1973 and extensively renovated in 2022, sits on a 0.84-acre lot in a prime retail corridor with high traffic volume due to its proximity to I-205 (150,000 vehicles daily). Surrounding tenants include major retailers such as Target and Home Depot, along with other banks (Bank of America, Wells Fargo, US Bank) and numerous restaurants. The location benefits from the proximity to two large hospitals, further enhancing its desirability. This investment offers a secure, hands-off opportunity backed by a nationally recognized tenant, with a strong track record of deposits exceeding $80 million in 2023. The property's Class A designation and recent renovations ensure long-term value and stability. Four, five-year lease options are also included.

• CAP approach

  CAP return

  Valuation

  6%

  $1,270,028

  6.5%

  $1,172,333

  7%

  $1,088,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $890,490

  Geo Method

  $890,490

• Alternative Use

  Use

  Valuation

  Residential

  $1,453,693

  Hospitality

  $1,331,575

  Educational

  $1,107,855

  Medical

  $1,145,956

  Retail

  $1,723,330

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5194

Longitude

-122.557

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].