3350 NE Sandy Blvd Portland, OR 97232

Listing agency Northmarq Show Phone

Listed by Scott Frank · License #WA 4472

Source Crexi

Added: Apr 11 Updated: Jul 21 at 8:28PM Checked: Jul 22 at 9:19AM

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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.

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

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FAQs

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