Portland NNN Lease Investment
For Sale
$2,000,000
3323 Southwest Naito Parkway, Portland, OR 97239
High-quality sale leaseback investment with long-term NNN lease.
Property Size4,700 SF
Price / SF$425.53
Days on Market216
Property Features for 3323 Southwest Naito Parkway
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Healthcare
Site & Location
Neighborhood
Homestead
Listing Agency:
CBRE - Portland
Listed By:
Vickie Maletteri · License #201232680
(503) 221-4814
Source:
Cbre
Added: Mar 25
Changed: Oct 26
Last Checked: Oct 24 at 2:31PM
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
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Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a sale leaseback investment secured by a long-term, absolute NNN lease with an established tenant. The property is suited for investors seeking durable income and minimal management responsibilities in a single-tenant building. The NNN lease extends through 12/31/2037, and contractual rent escalations provide predictable NOI growth. Located minutes from I-5 in Portland, the property benefits from a centralized and strategic location near major regional hospitals, including OHSU, Providence Portland, and Providence St. Vincent, which provide full labor and delivery and emergency obstetric services. The property size is 4,700 square feet.
Key Highlights
- NNN Lease through 12/31/2037
- Attractive going‑in yield with future cap rate expansion
- Contractual rent escalations provide predictable NOI growth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,492
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,840
$1.4M
Cap Rate 7%
$978,457
$978.5K
Cap Rate 9%
$761,022
$761.0K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$124.1K $26.40/SF
− Vacancy
−$9.9K −$2.11/SF
EGI
$114.2K $24.29/SF
− OpEx
−$45.7K −$9.72/SF
NOI
$68.5K $14.57/SF
Area
Portland, OR
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,840
Cap Rate 7%
$978,457
Cap Rate 9%
$761,022
Alternative Uses
Best Use
Healthcare Medical
$978.5K
$856.2K – $1.14M
NOI $68,492 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,391 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6,831
Businesses Nearby
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Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Healthcare property - High-quality sale leaseback investment with long-term NNN lease.
Where is this healthcare property located?
The property is located at 3323 Southwest Naito Parkway Portland, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: NNN Lease through 12/31/2037; Attractive going‑in yield with future cap rate expansion; Contractual rent escalations provide predictable NOI growth
