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870 NW Eastman Pky - America's Tire 7,351 SF Retail Condo Unit Offered at $1,947,492 CAD in Gresham, OR 97030

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Property Facts

Total Building Size	7,351 SF	Typical Floor Size	7,351 SF
Property Type	Retail (Condo)	Year Built	1987
Property Subtype	Auto Repair	Tenancy	Single
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Floors	1
Zoning	DC1

Total Building Size	7,351 SF
Property Type	Retail (Condo)
Property Subtype	Auto Repair
Building Class	B
Floors	1
Typical Floor Size	7,351 SF
Year Built	1987
Tenancy	Single
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DC1

Signage

1 Unit Available

Unit 15

Unit Size	7,351 SF	Sale Type	Investment
Price	$1,947,492 CAD	Cap Rate	4.85%
Price Per SF	$264.93 CAD	NOI	$94,453.36 CAD
Condo Use	Retail

Unit Size	7,351 SF
Price	$1,947,492 CAD
Price Per SF	$264.93 CAD
Condo Use	Retail
Sale Type	Investment
Cap Rate	4.85%
NOI	$94,453.36 CAD

Description

Ground lease with brand new 10-year extension extending lease to 2035.
Paying low ground rent at approximately 44% below current market rates.
Corporate-operated Discount Tire (Halle Properties, LLC).
Strong historical occupancy having operating at this location for 35+ years and operating in the 84% percentile of all Oregon locations.
Scheduled 10% increase in 2030 increases yield an estimated 45 basis points in the next 4.5 years.
Located within Gresham Town Fair, a 264K SF community shopping center which sees over 2.6M in annual visits and is anchored by Ross, Dick’s Sporting Goods, and PetSmart.
High-density residential trade area with 235,000+ residents within a 5-mile radius.