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786 NE Burnside Rd 1,936 SF Retail Building Gresham, OR 97030 $3,140,820 CAD ($1,622.32 CAD/SF) 4.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High Traffic Location
  • Newly Paved lot, 75 spaces

EXECUTIVE SUMMARY

Highly visible, well-maintained property in a high traffic location for sale. SELLER WILLING TO CARRY UP TO 30% of the purchase price with attractive terms. Property is currently leased to Dayspring Trailers. Zoning allows for Auto or other vehicle sales (75 parking spaces for car lot), Tap Room and Food Cart Station with retro/industrial appeal (see Flyer), previously a mechanic/Quick Lube (2 Garage doors 10'X12'); DCL zoning. Buyer to verify. The main building has been well taken care of and has a newly painted and updated exterior, updated HVAC and the property has been recently repaved. It is fully fenced. There are 4 additional moveable and removeable outbuildings and the main building has a basement useful for cold storage if converted to a bar/food cart type space and attic storage in addition to a Garage space with 2 12 foot doors that supports a hoist. The current lease is a 5-year lease, 4.5 years remaining, 5% increase per year; NNN. LESSEE IS WILLING to negotiate an earlier termination. Sale includes the main building, outbuildings, fencing, signage and land. Buyer to perform all due diligence. Buyer to participate in 1031 Exchange at no cost. Listing Agent (Melinda)related to Seller.

ATTACHMENTS

Food Cart Flyer

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,936 SF
Building Class
C
Year Built
1986
Price
$3,140,820 CAD
Price Per SF
$1,622.32 CAD
Cap Rate
4.80%
NOI
$150,759 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.08
Lot Size
0.56 AC
Opportunity Zone
Yes
Zoning
DC1 - DCL including auto/vehicle sales and repair, also convenience, food cart w bar, etc.
Parking
60 Spaces (30.99 Spaces per 1,000 SF Leased)
Frontage
177’ on NE Burnside

AMENITIES

  • Fenced Lot
  • Monument Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Dayspring Trailers
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Dayspring Trailers Retailer 99,999 SF - Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Dotty's
Black Rock Coffee Bar
Safeway
Elmer's
Black Bear Diner
U.S. Bank
Bank of America
Wells Fargo Home Mortgage
Ymca
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R135513
  • R135488
  • R135509
  • R135489
Land Assessment
$411,108 CAD
Improvements Assessment
$0 CAD
Total Assessment
$990,576 CAD
  • Listing ID: 38529797

  • Date on Market: 2025-08-02

  • Last Updated:

  • Address: 786 NE Burnside Rd, Gresham, OR 97030

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