Current Use by Public Records
- O'Reilly Auto Parts / Auto Parts Store
Property Details for 8703 82Nd Ave
- Year built
- 2000
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimations
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AI approach
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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
- Clackamas
- State
- Oregon
- Longitude
- -122.579
- Latitude
- 45.46
