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3900 N Mississippi Ave 19,900 SF 100% Leased Retail Building Portland, OR 97227 $14,238,384 CAD ($715.50 CAD/SF) 6.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Leased Property with Diversified Tenants (100% Leased)
- 6.39% Proforma Cap on $652k Proforma NOI
- High Average Remaining Years of Lease (4 Years 3 Months)
- Located in a Premier Portland Retail Neighborhood
- Strong Tenants with Five (5) Recent Lease Renewals
- ±6,200 Average Daily Vehicle Traffic + abundant Foot Traffic
EXECUTIVE SUMMARY
Chateau Mississippi represents an opportunity to acquire the premier retail asset in the coveted Mississippi District on Portland’s eastside.
Located at the center of this vibrant shopping district, Chateau Mississippi includes 19,900 NRSF demised for 12 tenants (100% Leased). Unique property features include a festive plaza, which accommodates seasonal outdoor dining, and second floor balconies overlooking the streetscape.
The irreplaceable central location and distinctive features make this asset the top choice for tenants looking to locate on Mississippi Ave. Chateau Mississippi offers investors a multi-tenant, net leased asset with a diversified tenant base in a premier location providing stable, long-term investment income.
Located at the center of this vibrant shopping district, Chateau Mississippi includes 19,900 NRSF demised for 12 tenants (100% Leased). Unique property features include a festive plaza, which accommodates seasonal outdoor dining, and second floor balconies overlooking the streetscape.
The irreplaceable central location and distinctive features make this asset the top choice for tenants looking to locate on Mississippi Ave. Chateau Mississippi offers investors a multi-tenant, net leased asset with a diversified tenant base in a premier location providing stable, long-term investment income.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,900 SF
Building Class
B
Year Built
2014
Price
$14,238,384 CAD
Price Per SF
$715.50 CAD
Cap Rate
6.39%
NOI
$909,889 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.99
Lot Size
0.23 AC
Zoning
EXD - Central Employment - Design Overlay
Frontage
AMENITIES
- Banking
- Courtyard
- Mezzanine
- Restaurant
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R223687 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,149,708 CAD |
PROPERTY TAXES
Parcel Number
R223687
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,149,708 CAD
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3900 N Mississippi Ave
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