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Kelly Square 576 NE Burnside Rd 23,010 SF 100% Leased Retail Building Gresham, OR 97030 $8,304,000 CAD ($360.89 CAD/SF) 6.40% Cap Rate
Investment Highlights
- Two Buildings Total SF 23,010
- 100% Leased, NN Leases
- Two Tax Lots, 2.14 Acres
Executive Summary
This well maintained and fully leased center offers an excellent investment opportunity. Located on NE Burnside, a main Gresham East/West throughway to Mount Hood and recreational areas to the East. Burnside has been the location of choice for many National and Regional brands due to the high volume of local and pass through traffic. The Center has a mix of well established larger businessses and several smaller square foot retail spaces centered on local economic requirements. 100% Leased. NNN Leases. Updated systems and interiors. Sign monument on NE Burnside. Traffic count on Burnside 25,912 Daily.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
23,010 SF
Year Built
1977
Price
$8,304,000 CAD
Price Per SF
$360.89 CAD
Cap Rate
6.40%
NOI
$531,456 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.14 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bedrooms West
- -
- -
- -
- -
- Bella Luna Venue 2
- -
- -
- -
- -
- Nancy's Flowers
- -
- -
- -
- -
- Shaggy Tails Dog Salon
- -
- -
- -
- -
- The Blast Studio
- -
- -
- -
- -
- The Hangout Sports Bar & Grill
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bedrooms West | - | - | - | - | ||
| Bella Luna Venue 2 | - | - | - | - | ||
| Nancy's Flowers | - | - | - | - | ||
| Shaggy Tails Dog Salon | - | - | - | - | ||
| The Blast Studio | - | - | - | - | ||
| The Hangout Sports Bar & Grill | - | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R337435 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,305,532 CAD |
Property Taxes
Parcel Number
R337435
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,305,532 CAD
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Kelly Square | 576 NE Burnside Rd
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