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    930 Sandy Blvd Portland, OR 97214

    Sponsored
    For Sale
    $4,300,000

    Established restaurant, strong NOI, prime location.

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple ownership opportunity presents a highly successful, net-leased restaurant and bar in Portland, Oregon's desirable inner east side. Located at 930 SE Sandy Blvd, this 6,300 square foot property boasts a 6.14% cap rate and a substantial net operating income (NOI) of $264,000. The property, built in 1959 and extensively renovated in 2016 (including electrical, HVAC, waterlines, and a sprinkler system), sits on a 0.14-acre lot and is zoned EX. The current tenant, Jackie's, enjoys a 100% occupancy rate under a single-tenant, NNN lease with a remaining term of 6.5 years, expiring May 31, 2031. The lease commenced December 5, 2021, and includes 3% annual rent escalations beginning June 2027, ensuring consistent income growth. The tenant's proven success and strong sales figures demonstrate reliability and performance, making this a secure investment. Its proximity to the prestigious Soho House further enhances its appeal within this vibrant, high-demand area. The asking price is $4,300,000. This fully stabilized asset offers a compelling combination of a premier location, a well-established tenant, and built-in rent growth, making it an exceptional addition to any investment portfolio.

    Property Features for 930 Sandy Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    6,300 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built/Renovated
    1959/2016

    HighLights

    • $4,300,000 asking price for a 6,300 SF retail property in Portland, OR.
    • Net‑leased restaurant/bar with a 6.14% cap rate and $264,000 NOI.
    • NNN lease with 6.5 years remaining, expiring 5/31/2031, including 3% annual rent increases beginning June 2027.
    • 100% occupancy with an established tenant demonstrating strong sales.
    • Located on Portland's desirable inner east side, adjacent to the Soho House, and extensively renovated in 2016.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jackie's Sports Bar Perfection Custom Print ... Commercial Printer

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6558973
    Latitude
    45.5210112

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant, strong NOI, prime location.
    Where is this restaurant located?
    The property is located at 930 Sandy Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: $4,300,000 asking price for a 6,300 SF retail property in Portland, OR.; Net-leased restaurant/bar with a 6.14% cap rate and $264,000 NOI.; NNN lease with 6.5 years remaining, expiring 5/31/2031, including 3% annual rent increases beginning June 2027.
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    930 Sandy Blvd Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    930 Sandy Blvd Portland, OR 97214
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