Single-Tenant NNN
For Sale
Contact for pricing
1055 Washington Avenue, Ontario, OR 97914
The occupied building is leased under an absolute NNN structure with annual rent increases.
Property Size2,991 SF
Lot Size2.36 Acres
Price / SF$2,507
Days on Market11
Property Features for 1055 Washington Avenue
General Information
Standard status
Active
Size
2,991 SF
Lot size
2.36 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Asking Price
$7,500,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Vantage Realty Partners
Listed By:
Justin LaSalla · License #10301217711
Source:
Crexi
Added: Sep 16
Changed: Sep 24
Last Checked: Sep 24 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vantage Realty Partners
Investment Insights
Based on property information with market context.
This freestanding, single-tenant property comprises approximately 2,991 square feet on approximately 2.36 acres. The building is 100% occupied under an absolute NNN lease dated March 15, 2023. Its initial ten-year term runs through March 31, 2033, with four successive five-year renewal options extending through 2053. Rent increases 2.00% annually throughout the initial term and each option period.
Located in Ontario, Oregon, the property is on the Interstate 84 corridor near the Idaho state line. Ontario serves as Malheur County’s primary commercial center and draws cross-border traffic from the Treasure Valley and greater Boise area.
Located in Ontario, Oregon, the property is on the Interstate 84 corridor near the Idaho state line. Ontario serves as Malheur County’s primary commercial center and draws cross-border traffic from the Treasure Valley and greater Boise area.
Key Highlights
- Freestanding, single‑tenant building with approximately 2,991 square feet on approximately 2.36 acres
- 100% occupied under an absolute NNN lease
- Lease dated March 15, 2023, with an initial ten‑year term through March 31, 2033
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
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Business Placement
Demographics for 97914, OR
19,534
Population
6,730
Households
2.9
Avg Household Size
38
Median Age
15%
College-Educated
83%
High-School Grad
260.2 sq mi
ZIP Area
75
Density / Sq Mi
$48,442
Median Household Income
$30,000
Median Earnings
$813
Median Rent
$220,600
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - The occupied building is leased under an absolute NNN structure with annual rent increases.
Where is this nnn property located?
The property is located at 1055 Washington Avenue Ontario, OR.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Freestanding, single‑tenant building with approximately 2,991 square feet on approximately 2.36 acres; 100% occupied under an absolute NNN lease; Lease dated March 15, 2023, with an initial ten‑year term through March 31, 2033
