NNN Cannabis Retail
For Sale
Contact for pricing
Pending
3350 NE Sandy Blvd, Portland, OR 97232
NNN retail lease with over five years firm term remaining and 2.5% annual rental increases.
Property SizeContact for details
Days on Market121
Property Features for 3350 NE Sandy Blvd
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
22,548 vehicles/day
Listing Agency:
Northmarq
(503) 998-6572
Listed By:
Scott Frank · License #WA 4472
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 5:54AM
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 Northmarq
Investment Insights
Based on property information with market context.
This is a NNN retail storefront investment with an existing lease featuring more than five years of firm term remaining. The lease includes 2.5% annual rental increases throughout the current term and each five-year renewal period. The NNN structure is described as providing limited landlord responsibilities.
The property is located on NE Sandy Blvd in Portland, OR, with high visibility and reported daily traffic counts in excess of 22,548.
The space is leased to Nectar, described in the offering remarks as a fast-growing Oregon cannabis operator with 36 locations across the state.
The property is located on NE Sandy Blvd in Portland, OR, with high visibility and reported daily traffic counts in excess of 22,548.
The space is leased to Nectar, described in the offering remarks as a fast-growing Oregon cannabis operator with 36 locations across the state.
Key Highlights
- NNN retail lease with over five years of firm term remaining
- 2.5% annual rental increases through the existing term and each five‑year renewal
- Annual rent increases provide potential to increase yield by 86 basis points over the first five years of the holding period
Property Analytics
Current Use
Lease Details
22,548 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN retail lease with over five years firm term remaining and 2.5% annual rental increases.
Where is this nnn property located?
The property is located at 3350 NE Sandy Blvd Portland, OR.
What are key features of this property?
This property features: NNN retail lease with over five years of firm term remaining; 2.5% annual rental increases through the existing term and each five‑year renewal; Annual rent increases provide potential to increase yield by 86 basis points over the first five years of the holding period
