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990 NW Eastman Pky - Burger King 2,700 SF Retail Condo Unit Offered at $3,342,816 CAD in Gresham, OR 97030

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Property Facts

Total Building Size	3,700 SF	Year Built	1987
Property Type	Retail (Condo)	Tenancy	Single
Property Subtype	Fast Food General Retail Restaurant	Lot Size	0.52 AC
Building Class	B	Parking Ratio	4.88/1,000 SF
Floors	1	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.
Typical Floor Size	3,700 SF
Zoning	DC1

Total Building Size	3,700 SF
Property Type	Retail (Condo)
Property Subtype	Fast Food General Retail Restaurant
Building Class	B
Floors	1
Typical Floor Size	3,700 SF
Year Built	1987
Tenancy	Single
Lot Size	0.52 AC
Parking Ratio	4.88/1,000 SF
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

Drive Thru

1 Unit Available

Unit 17

Unit Size	2,700 SF	Sale Type	Investment
Price	$3,342,816 CAD	Cap Rate	5.00%
Price Per SF	$1,238.08 CAD	NOI	$167,140.80 CAD
Condo Use	Retail

Unit Size	2,700 SF
Price	$3,342,816 CAD
Price Per SF	$1,238.08 CAD
Condo Use	Retail
Sale Type	Investment
Cap Rate	5.00%
NOI	$167,140.80 CAD

Description

Built-in 20% rent increase upon tenant exercising 10-year option, increasing yield an estimated 100 basis points.

Established Burger King location with 37-year operating history. This location ranks in the top 10 in OR and 83rd percentile nationwide.
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 visibility on hard corner of Division and Eastman Parkway, visible to 25,914 VPD.
High-density residential trade area with 235,000+ residents within a 5-mile radius.