930 Sandy Blvd Portland, OR 97214
- Retail space
- 6,300 SF
- 0.14 lot acres
Current Use by Public Records
- Jackie's / Sports Bar
- Perfection Custom Print Solutions / Commercial Printer
Property Details for 930 Sandy Blvd
- Year built
- 1959
- Lot size
- 0.14 lot acres
- Property size
- 6,300 SF
- Zone code
- EXD
- Property type
- Retail space
- APN
- 1N1E35CD 08700
- APU
- 1N1E35CD08700
Description
This fee-simple ownership opportunity presents a highly successful, net-leased restaurant and bar in Portland, Oregon's desirable inner east side. Located at 930 SE Sandy Blvd, this 6,300 square foot property boasts a 6.14% cap rate and a substantial net operating income (NOI) of $264,000. The property, built in 1959 and extensively renovated in 2016 (including electrical, HVAC, waterlines, and a sprinkler system), sits on a 0.14-acre lot and is zoned EX. The current tenant, Jackie's, enjoys a 100% occupancy rate under a single-tenant, NNN lease with a remaining term of 6.5 years, expiring May 31, 2031. The lease commenced December 5, 2021, and includes 3% annual rent escalations beginning June 2027, ensuring consistent income growth. The tenant's proven success and strong sales figures demonstrate reliability and performance, making this a secure investment. Its proximity to the prestigious Soho House further enhances its appeal within this vibrant, high-demand area. The asking price is $4,300,000. This fully stabilized asset offers a compelling combination of a premier location, a well-established tenant, and built-in rent growth, making it an exceptional addition to any investment portfolio.
Value Estimation
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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
- Multnomah
- State
- Oregon
- Longitude
- -122.656
- Latitude
- 45.521
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
