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The Venetian 253 E Main St 10,923 SF 100% Leased Retail Building Hillsboro, OR 97123 $5,510,645 CAD ($504.50 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 7-year lease with established event company; commences January 1, 2026
- The floor plan features three distinct areas which allows for multiple sources of revenue by the operator
- Building has received major renovations including interior upgrades in 2021, major building systems upgrades in 2008, and seismic upgrades
- Located on Main Street which has undergone a substantial resurgence with breweries, coffee shops, retailers, and restaurants nearby
EXECUTIVE SUMMARY
16,000 SF Event and Entertainment Venue in Downtown Hillsboro
Fully Leased | NNN Investment
Sale Price: $3,986,000 ($249/SF)
CAP Rate: 7.00%
Building Size: 16,000 SF
Capacity: 1,200
Tenant: Iris Decorations
Fully Leased | NNN Investment
Sale Price: $3,986,000 ($249/SF)
CAP Rate: 7.00%
Building Size: 16,000 SF
Capacity: 1,200
Tenant: Iris Decorations
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
10,923 SF
Building Class
C
Year Built/Renovated
1911/2008
Price
$5,510,645 CAD
Price Per SF
$504.50 CAD
Cap Rate
7%
NOI
$385,745 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.18 AC
Zoning
SCC-CBD, Hillsboro
Frontage
26’ on E Main St
AMENITIES
- Bus Line
- Commuter Rail
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Iris Decorations
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Iris Decorations | Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R0702118 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,492,867 CAD |
PROPERTY TAXES
Parcel Number
R0702118
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,492,867 CAD
CONTACTS
-
Riley Henderson -
Jeffrey Valdes -
Nicholas Diamond -
Capacity Commercial Group LLC
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The Venetian | 253 E Main St
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