Absolute NNN Ground
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For Sale
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970 NW Eastman Pkwy, Gresham, OR 97030
Freestanding retail asset with tenant responsibility for building maintenance, taxes, and uncapped CAM reimbursements.
Property SizeContact for details
Days on Market4
Property Features for 970 NW Eastman Pkwy
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Ross, Dick's Sporting Goods, PetSmart
Building Details
Tenancy
Single
Listing Agency:
Northmarq
Listed By:
Kevin Adatto · License #WA 85667
(503) 998-6572
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 2:32PM
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 Northmarq
Investment Insights
Based on property information with market context.
This freestanding property is structured as an absolute-net ground lease with the tenant responsible for maintaining the building, paying property taxes, and reimbursing uncapped CAM expenses. The arrangement provides no ongoing landlord operating obligations, and the building is scheduled to revert at the end of the lease term. Contractual rent increases 2.5% annually, with the current term extending through July 2032.
The property is occupied by Visionworks, a corporate operator owned by VSP Vision rather than a franchisee. Visionworks operates more than 700 stores and has maintained this site for over 30 years through repeated renewals. The property is located within Gresham Town Fair, a 241K SF community shopping center anchored by Ross, Dick’s Sporting Goods, and PetSmart. The center reports more than 2.6M annual visits.
The property is occupied by Visionworks, a corporate operator owned by VSP Vision rather than a franchisee. Visionworks operates more than 700 stores and has maintained this site for over 30 years through repeated renewals. The property is located within Gresham Town Fair, a 241K SF community shopping center anchored by Ross, Dick’s Sporting Goods, and PetSmart. The center reports more than 2.6M annual visits.
Key Highlights
- Absolute‑net ground lease with tenant maintaining the building and paying property taxes
- Tenant reimburses uncapped CAM expenses
- 2.5% annual rent growth with lease term through July 2032
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
1,804 visits/mo
0.4 miles
Demographics for 97030, OR
39,492
Population
16,500
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,266
Density / Sq Mi
$61,793
Median Household Income
$40,352
Median Earnings
$1,604
Median Rent
$418,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail asset with tenant responsibility for building maintenance, taxes, and uncapped CAM reimbursements.
Where is this nnn property located?
The property is located at 970 NW Eastman Pkwy Gresham, OR.
What is the asking price?
The asking price for this property is $2,220,000.
What are key features of this property?
This property features: Absolute‑net ground lease with tenant maintaining the building and paying property taxes; Tenant reimburses uncapped CAM expenses; 2.5% annual rent growth with lease term through July 2032
