727 Grand Ave Portland, OR 97214
- Retail properties
- 6,000 SF
Current Use by Public Records
- GNARLYS / Vegan Restaurant
- Swan Dive / Bar / Dance Club
Property Details for 727 Grand Ave
- Property size
- 6,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving, single-tenant bar and restaurant located at 727 SE Grand Ave, Portland, Oregon, 97214. The property boasts 6,000 square feet across two stories, encompassing two distinct bar/event spaces and desirable outdoor seating. Situated in a prime Southeast Portland location, it benefits from high visibility at the entrance to the Hawthorne Bridge and Interstate 5 on-ramp, ensuring excellent accessibility and exposure. The property's strategic placement is further enhanced by its proximity to numerous large apartment buildings and the Goat Blocks developments, guaranteeing a robust customer base. This established business enjoys a remarkable history of continuous operation for over 50 years, demonstrating its enduring appeal and market resilience. The current tenant operates successfully in multiple locations, including Las Vegas and Austin. The Net Lease (NNN) structure, coupled with a strong cap rate of 7.30% and 100% occupancy, provides a passive income stream with minimal landlord responsibilities. The property's zoning is EX, and it includes a valuable billboard generating additional passive income. This offering presents a rare chance to acquire a well-established, high-performing asset in a rapidly developing area of Portland, promising significant long-term value and return on investment. The building is a two-story structure on a fee-simple lot with no ground lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.661
- Latitude
- 45.5175
