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870 NW Eastman Pkwy

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870 NW Eastman Pkwy

870 NW Eastman Pkwy, Gresham, OR 97030
Retail For Sale Available 1 floors Zoning: DMU
Asking Price
$1,410,000
Total Building6,570 SF
Available7,351 SF avail
Land1,299,662 SF land
ConstructionFramed
MarketNot Assigned
CountyMultnomah

Read Overview
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Overview

Property ID
306567
Listing ID
710648
Type
Retail
Asset Class
Retail
Zoning
DMU

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.

Listing Courtesy of:

ST
Sean Tufts
Northmarq Commercial, LLC
130 Nickerson Street, Ste 211,
Seattle, WA 98109
State: OR City: Gresham ZIP: 97030 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.