Prime Corner Restaurant with
For Sale
$773,300
3103 Northeast 82nd Avenue, Portland, OR 97213
Single-tenant restaurant with drive-thru in high-traffic Portland location.
Property Size1,849 SF
Price / SF$418.23
Days on Market131
Property Features for 3103 Northeast 82nd Avenue
General Information
Standard status
Active
Size
1,849 SF
Property subtype
Retail
Listing Agency:
CBRE | Portland
(503) 221-4850
Listed By:
Megan Wallachy · License #OR Lic. #200603442
(503) 221-4850
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 2 at 11:41AM
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 CBRE | Portland
Investment Insights
Based on property information with market context.
This single-tenant restaurant is strategically located at the intersection of 82nd Avenue and Siskyou Street in Portland, Oregon. The property benefits from a drive-thru, high visibility, and a daily traffic count of approximately 26,000 vehicles. It is positioned across from Glenhaven Park, a 15-acre recreational area, and a quarter-mile from McDaniel High School, which has 1,650 students. The property is located within an Opportunity Zone. The site benefits from three ingress/egress access points. The restaurant operates under a NNN lease with 1.5 years remaining, offering a 5-year renewal option at market rates and 3% annual rent increases, the next effective in February 2026. The property is situated on a corner lot in a densely populated area with over 150,000 residents within a three-mile radius. Glenhaven Park includes baseball fields, softball fields, soccer fields, tennis courts, playgrounds and an 11,000 square-foot skate park. The property has excellent visibility and signage from 82nd Avenue.
Key Highlights
- High‑traffic corner location at the intersection of 82nd Avenue and Siskiyou Street, with approximately 26,000 vehicles passing daily.
- Located in a densely populated residential area with over 150,000 residents within a 3‑mile radius.
- Positioned within an Opportunity Zone.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $19.20 |
| − Vacancy | −$2.3k | −$1.25 |
| EGI | $33.2k | $17.95 |
| − OpEx | −$8.3k | −$4.49 |
| NOI | $24.9k | $13.46 |
1,849 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$355.6K
$311.2K – $414.9K
NOI $24,895 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.2K
$454.3K – $605.8K
NOI $36,347 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
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?
Drive through restaurant - Single-tenant restaurant with drive-thru in high-traffic Portland location.
Where is this drive through restaurant located?
The property is located at 3103 Northeast 82nd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $773,300.
What are key features of this property?
This property features: High‑traffic corner location at the intersection of 82nd Avenue and Siskiyou Street, with approximately 26,000 vehicles passing daily.; Located in a densely populated residential area with over 150,000 residents within a 3‑mile radius.; Positioned within an Opportunity Zone.
