Description
Ground lease with brand new 10-year extension extending lease to 2035.• Paying low ground rent at approximately 44% below current market rates.• Corporate-operated Discount Tire (Halle Properties, LLC).• Strong historical occupancy having operating at this location for 35+ years and operating in the 84% percentile of all Oregon locations.• Scheduled 10% increase in 2030 increases yield an estimated 45 basis points in the next 4.5 years.• Located within Gresham Town Fair, a 264K SF community shopping center which sees over 2.6M in annual visits and is anchored by Ross, Dick’s Sporting Goods, and PetSmart.• High-density residential trade area with 235,000+ residents within a 5-mile radius.