Log In/Sign Up
Your email has been sent.
Broadway Cannabis Market Montavilla 8028 SE Stark St 5,000 SF Retail Building Portland, OR 97215 $1,528,989 CAD ($305.80 CAD/SF) 8.13% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Net Leased Investment
- Excellent Dispensary Tenant Track Record
- Desirable Montavilla Location
EXECUTIVE SUMMARY
Capacity Commercial Group is pleased to exclusively present for sale Broadway Cannabis Market Montavilla at 8028 SE Stark Street. The 5,000 SF building has everything an investor could want - an excellent location, class A retail tenant improvements, a low asking price per SF and sustainable rent. The newly signed five year NNN lease with options ensures long term stability with tenant Broadway Cannabis Market, which has a strong track record of success in leased buildings throughout the Portland area since its inception in 2019.
The site features flexible mixed-use zoning (CM2) which allows for retail, light industrial, multifamily and office. Situated in the heart of SE Portland Oregon’s Montavilla Neighborhood, this site is the only dispensary serving the high foot traffic Stark Street corridor between SE 82nd and Mt. Tabor. The building has the ability to be completely open with one row of columns and several stories of multifamily housing may be added above the existing structure.
Property Overview:
Address 8028 SE Stark St, Portland, OR 97215
Asset Type: Retail Building
Property Zoning Commercial Mixed Use 2 (CM2)
Building Size: 5,000 SF
Parcel ID: R332498
Use Type: Dispensary
Sale Price: $1,100,000
The site features flexible mixed-use zoning (CM2) which allows for retail, light industrial, multifamily and office. Situated in the heart of SE Portland Oregon’s Montavilla Neighborhood, this site is the only dispensary serving the high foot traffic Stark Street corridor between SE 82nd and Mt. Tabor. The building has the ability to be completely open with one row of columns and several stories of multifamily housing may be added above the existing structure.
Property Overview:
Address 8028 SE Stark St, Portland, OR 97215
Asset Type: Retail Building
Property Zoning Commercial Mixed Use 2 (CM2)
Building Size: 5,000 SF
Parcel ID: R332498
Use Type: Dispensary
Sale Price: $1,100,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1941
Price
$1,528,989 CAD
Price Per SF
$305.80 CAD
Cap Rate
8.13%
NOI
$124,346 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.11 AC
Zoning
CM2 - Allows for retail, light industrial, multifamily, office, and more.
Frontage
92’ on Stark St
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Portland Hot Tubing
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Portland Hot Tubing | Services | - | - | - |
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R332498 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $496,286 CAD |
PROPERTY TAXES
Parcel Number
R332498
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$496,286 CAD
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Broadway Cannabis Market Montavilla | 8028 SE Stark St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.