Property summary
This exceptional business opportunity presents the chance to acquire Helfer's on 3rd, a thriving two-story bar located in the heart of downtown Gresham, Oregon. The property boasts 4,096 square feet of space, encompassing a main bar area and a unique speakeasy on the lower level. The current lease is a NNN (Net, Net, Net) agreement with a remaining term of 4.5 years, commencing February 12, 2024, and includes annual rent bumps of 3%. The property features 15 parking spaces and is situated at 124 NE 3rd St, Gresham, OR 97030. The asking price is $265,000, with owner carry terms available with a $125,000 down payment. The business is currently operating as a dual-concept establishment, offering a main bar area with Oregon Lottery games and a separate, more intimate speakeasy featuring handcrafted cocktails. The property consists of two units across two stories, classified as Class C. The sale includes the business only
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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