Single-Tenant NNN
For Sale
Contact for pricing
7510 SE Foster Rd, Portland, OR 97206
Two-building commercial asset with a corporate-guaranteed lease and limited landlord responsibilities.
Property Size21,225 SF
Lot Size0.86 Acres
Price / SF$240.83
Days on Market220
Property Features for 7510 SE Foster Rd
General Information
Standard status
Active
Size
21,225 SF
Class
B
Lot size
0.86 Acres
Property subtype
Retail
Zoning
CG
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$337,366
Building Details
Year Built
1954
Buildings
2
Units
1
Tenancy
Single
Listing Agency:
Graystone Capital Advisors
Listed By:
Kurt Hediger · License #CA 01846649
Source:
Crexi
Added: Jan 23
Changed: Aug 31
Last Checked: Aug 29 at 2:10PM
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
This single-tenant NNN property comprises two buildings totaling 21,225 square feet on 0.86 acres. Constructed in 1954, the asset is zoned CG and is positioned along SE Foster Rd in Portland’s Southeast commercial corridor. The property is fully leased to Classic Collision under a corporate-guaranteed NNN lease with over six years remaining in the base term.
Lease economics include 3% rent escalations during the base term and three five-year renewal options. The tenant is responsible for taxes, insurance, and maintenance, with roof and structural obligations excluded. That structure limits routine landlord responsibilities while providing defined lease-term and renewal provisions.
Lease economics include 3% rent escalations during the base term and three five-year renewal options. The tenant is responsible for taxes, insurance, and maintenance, with roof and structural obligations excluded. That structure limits routine landlord responsibilities while providing defined lease-term and renewal provisions.
Key Highlights
- 21,225‑square‑foot property across two buildings on 0.86 acres
- Fully leased to Classic Collision under a corporate‑guaranteed NNN lease
- Over six years of remaining base‑term lease term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$244,703
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,894,060
$4.9M
Cap Rate 7%
$3,495,757
$3.5M
Cap Rate 9%
$2,718,922
$2.7M
Market Conditions
NOI Build-Up for 21,225 SF
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.
Gross rent
$382.1K $18.00/SF
− Vacancy
−$32.5K −$1.53/SF
EGI
$349.6K $16.47/SF
− OpEx
−$104.9K −$4.94/SF
NOI
$244.7K $11.53/SF
Area
ZIP 97206
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,894,060
Cap Rate 7%
$3,495,757
Cap Rate 9%
$2,718,922
Alternative Uses
Best Use
Retail
$3.50M
$3.06M – $4.08M
NOI $244,703 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$1.90M
$1.67M – $2.22M
NOI $133,218 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$5.96M
$5.22M – $6.95M
NOI $417,235 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
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?
NNN property - Two-building commercial asset with a corporate-guaranteed lease and limited landlord responsibilities.
Where is this nnn property located?
The property is located at 7510 SE Foster Rd Portland, OR.
What is the asking price?
The asking price for this property is $5,111,606.
What are key features of this property?
This property features: 21,225‑square‑foot property across two buildings on 0.86 acres; Fully leased to Classic Collision under a corporate‑guaranteed NNN lease; Over six years of remaining base‑term lease term
