8703 82Nd Ave Portland, OR 97086

This exceptional investment opportunity presents a fee-simple ownership of a 7,000 square foot, single-story retail building in Portland, Oregon. Currently 100% occupied by a credit-rated, nationally recognized auto parts retailer under an absolute NNN lease with a remaining term of 10.8 years, expiring August 13, 2035. The lease includes four, five-year renewal options with a 7.5% rent increase every five years, starting in year six. The property boasts a strong net operating income (NOI) of $116,779, yielding a 5.25% cap rate. Built in 2000, the property is strategically located in a high-traffic area with significant retail synergy, benefiting from proximity to major retailers and a densely populated residential area with an average household income near $100,000. The tenant's performance consistently ranks in the top quartile nationally and within its state network. This offering represents a rare opportunity to acquire a below-market rent, long-term, passively managed investment with a blue-chip tenant and significant upside potential. The property is situated at 8703 SE 82nd Ave, Portland, OR 97086, within Clackamas County. The asking price is $2,224,377.