557 Phoenix Dr Troutdale, OR 97060-9528

Property Details for 557 Phoenix Dr

Year built

1991

Lot size

0.92 lot acres

Property size

3,931 SF

Zone code

GC

Property type

Turn key restaurants

APN

1N3E25BC 01200

APU

1N3E25BC01200

Description

This exceptional investment opportunity presents a 3,931-square-foot Shari's restaurant in Troutdale, Oregon. Located on a substantial 0.94-acre lot (41,014 sq ft), this single-tenant, triple-net (NNN) leased property boasts a strong net operating income (NOI) of $176,029. The property, originally constructed in 1994, benefits from its strategic location just one block from the Columbia Gorge Outlets, placing it amidst a vibrant retail environment. Neighboring businesses include prominent brands such as McDonald's, Starbucks, and numerous other national retailers. The property's proximity to major employers like Amazon and FedEx in their Troutdale facilities further enhances its appeal. The tenant, Shari's, is committed to significant improvements, planning at least $50,000 in upgrades within the next year. Troutdale's thriving outdoor-focused community, coupled with high consumer spending ($4.6 billion annually within a 5-mile radius) and significant traffic on Interstate 84 (102,789+ vehicles per day), creates a compelling investment case. This one-story building represents a stable, high-performing asset in a desirable location. The property's size and location offer significant long-term potential for growth and return on investment. This is a rare opportunity to acquire a well-established, high-performing retail property in a rapidly growing market.