Automotive NNN Investment
For Sale
Contact for pricing
1940 E Powell Blvd, Gresham, OR 97080
Automotive NNN property on high-visibility E Powell Blvd with active Hertz tenancy and recent roof, HVAC, and parking lot updates.
Property SizeContact for details
Days on Market123
Property Features for 1940 E Powell Blvd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
15,698 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Cushman & Wakefield - Portland, Oregon
(503) 279-1743
Listed By:
Jim Lewis · License #OR 200412086
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 11:38AM
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 Cushman & Wakefield - Portland, Oregon
Investment Insights
Based on property information with market context.
This NNN automotive investment property at 1940 E Powell Blvd features an income-producing corporate tenant in The Hertz Corporation. The property includes recent improvements, including a new roof, new HVAC, and a lighted parking lot. The current lease is supported by a recently optioned first 5-year extension through June 2028, with rent currently noted as over $32,000 per month.
The site is positioned along extremely high-visibility E Powell Blvd, with stated average daily traffic of 15,698 and 615’ of frontage on E Powell. Alternate access and visibility are also noted with 525’ of frontage on SE Hogan Drive. The remarks describe the property as located at the northern tip of the Mt Hood neighborhood and near multiple retail centers within roughly 0.2 to 1.5 miles.
The offering is presented as part of a two-property opportunity (1940 E Powell Blvd together with neighboring 1990) that may be acquired together or separately, with the possibility of future uses or redevelopment options mentioned in the remarks.
The site is positioned along extremely high-visibility E Powell Blvd, with stated average daily traffic of 15,698 and 615’ of frontage on E Powell. Alternate access and visibility are also noted with 525’ of frontage on SE Hogan Drive. The remarks describe the property as located at the northern tip of the Mt Hood neighborhood and near multiple retail centers within roughly 0.2 to 1.5 miles.
The offering is presented as part of a two-property opportunity (1940 E Powell Blvd together with neighboring 1990) that may be acquired together or separately, with the possibility of future uses or redevelopment options mentioned in the remarks.
Key Highlights
- High‑visibility automotive NNN property on E Powell Blvd (Hwy 26) with 15,698 average daily traffic count and 615' frontage
- Strong corporate tenant: The Hertz Corporation paying over $32,000/month and recently optioning a first 5‑year extension through June 2028
- Recent updates include a new roof and new HVAC
Property Analytics
Property Profile
Current Use
Lease Details
15,698 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Dining 31%
Shops & Services 9%
Electronics 2%
Fred Meyer
Groceries
80,705 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
40,926 visits/mo
0.3 miles
Chick-fil-A
Dining
38,452 visits/mo
0.2 miles
Five Guys
Dining
25,846 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
7,524 visits/mo
0.2 miles
Demographics for 97080, OR
45,647
Population
17,276
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
21.6 sq mi
ZIP Area
2,113
Density / Sq Mi
$96,218
Median Household Income
$47,562
Median Earnings
$1,596
Median Rent
$485,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Automotive NNN property on high-visibility E Powell Blvd with active Hertz tenancy and recent roof, HVAC, and parking lot updates.
Where is this nnn property located?
The property is located at 1940 E Powell Blvd Gresham, OR.
What are key features of this property?
This property features: High‑visibility automotive NNN property on E Powell Blvd (Hwy 26) with 15,698 average daily traffic count and 615' frontage; Strong corporate tenant: The Hertz Corporation paying over $32,000/month and recently optioning a first 5‑year extension through June 2028; Recent updates include a new roof and new HVAC
