14801 Kruse Oaks Dr Lake Oswego, OR 97035

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.