14801 Kruse Oaks Dr Lake Oswego, OR 97035

Property Details for 14801 Kruse Oaks Dr

Year built

1989

Lot size

1.44 lot acres

Property size

8,400 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a chance to acquire a Chick-fil-A ground lease in the highly desirable Lake Oswego, Oregon market. The property, located at 14801 Kruse Oaks Dr, boasts a prime location with frontage on Kruse Way and convenient access to I-5. This 8,400 square foot, single-story building sits on a 1.44-acre lot with ample parking (112 spaces). Built in 1989 and extensively renovated in 2024, the property benefits from a brand new 15-year absolute NNN ground lease with Chick-fil-A, a corporate-guaranteed tenant. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The property's strategic location within the affluent Kruse Way submarket, known for its high average household income ($180,000) and low vacancy rates (1.6%), ensures consistent cash flow. The ground lease expires on December 31, 2039, offering a substantial remaining lease term of 15 years. This landmark asset is a rare opportunity to invest in a high-performing, nationally recognized brand in a premier location. The absence of competing fast-food establishments along Kruse Way and the proximity to a significant daytime population (20,000 workers) further enhance the property's value and potential for strong returns. The asking price is $8,125,000, representing a 4.00% cap rate.

Location Insight

City

Lake Oswego

County

Clackamas

State

Oregon

Longitude

-122.74

Latitude

45.4193