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Fred Meyer/The Kroger Co. - New 20-Yr Abs NNN 10287 SE Highway 212 5,360 SF 100% Leased Retail Building Clackamas, OR 97015 $6,141,388 CAD ($1,145.78 CAD/SF) 5% Cap Rate
Investment Highlights
- Brand New Long-Term (20-Year) Absolute NNN Ground Lease - Opening June 2026
- Excellent Frontage and Visibility along Heavily Travelled Hwy 212 (39,672 VPD) within one of Clackamas County’s primary retail and commuter corridors
- Located in Heart of the Affluent Portland MSA / Dense Infill Location - Over 213,823 permanent residents live within a 5-mile radius
- Absolute NNN Lease Structure - No Landlord Responsibilities Whatsoever - Tenant is responsible for all property expenses, including roof & structure
- #2 Grocery Brand in the United States - The Kroger Co. Annual Revenue: Over $145 billion, making it one of the largest grocers in the U.S.
Executive Summary
Tenant: Fred Meyer (The Kroger Co.)
Guarantor: The Kroger Co.
Lease Type: Absolute NNN
Increases: 10% every 5 Years (Thru Options)
Lease Term: 20 Years + 8 (5-year) Options
Store Opening: June 15, 2026
Guarantor: The Kroger Co.
Lease Type: Absolute NNN
Increases: 10% every 5 Years (Thru Options)
Lease Term: 20 Years + 8 (5-year) Options
Store Opening: June 15, 2026
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,360 SF
Year Built
1968
Price
$6,141,388 CAD
Price Per SF
$1,145.78 CAD
Cap Rate
5%
NOI
$307,069 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.73 AC
Zoning
C3 - General Commercial
Parking
30 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
100’ on SE Hwy 212
Amenities
- Restaurant
- Kiosk/Cart Space
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00478218 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,100,189 CAD |
Property Taxes
Parcel Number
00478218
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,100,189 CAD
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Fred Meyer/The Kroger Co. - New 20-Yr Abs NNN | 10287 SE Highway 212
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