Automotive NNN Investment
1940 E Powell Blvd Gresham, OR 97080
1940 E Powell Blvd, Gresham, OR, 97080
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For Sale
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Automotive NNN property on high-visibility E Powell Blvd with active Hertz tenancy and recent roof, HVAC, and parking lot updates.
Days on Market103
Property Features for 1940 E Powell Blvd
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Cushman & Wakefield - Portland, Oregon
(503) 279-1743
Listed by
Jim Lewis · License #OR 200412086
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 3:58PM Checked: Jul 22 at 3:58PM
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
Location Intelligence
Current Use by Public Records
Auto shops
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FAQs
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
