10301 Stark St Portland, OR 97216

This exceptional investment opportunity presents a fee-simple ownership of a 4,932 square foot Chase Bank located at 10301 SE Stark St, Portland, OR 97216. The property boasts a 20-year absolute NNN lease, commencing November 1, 2021, and expiring October 31, 2041, with a substantial 17 years remaining. The lease includes 10% rent bumps every five years, providing significant protection against inflation. The current annual net operating income (NOI) is $150,000, yielding a 5.00% cap rate on the $3,000,000 asking price. The property, built in 1973 and extensively renovated in 2022, sits on a 0.84-acre lot in a prime retail corridor with high traffic volume due to its proximity to I-205 (150,000 vehicles daily). Surrounding tenants include major retailers such as Target and Home Depot, along with other banks (Bank of America, Wells Fargo, US Bank) and numerous restaurants. The location benefits from the proximity to two large hospitals, further enhancing its desirability. This investment offers a secure, hands-off opportunity backed by a nationally recognized tenant, with a strong track record of deposits exceeding $80 million in 2023. The property's Class A designation and recent renovations ensure long-term value and stability. Four, five-year lease options are also included.