442 Baseline St Cornelius, OR 97113
Property Lookup
Property profile & analytics
442 Baseline St Cornelius, OR 97113
- Banks
- 3,000 SF
- 0.68 lot acres
Property ID
US71-0267889
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 442 Baseline St
- Year built
- 2025
- Lot size
- 0.68 lot acres
- Property size
- 3,000 SF
- Property type
- Banks
- APN
- 1N333CD-03600
Description
This exceptional investment opportunity presents a 3,000 square foot Chase Bank located at 442 W Baseline St, Cornelius, OR 97113. The property sits on a 0.68-acre lot with 20 parking spaces and benefits from Highway Commercial (C-2) zoning. A brand new 15-year NNN lease with JPMorgan Chase Bank commenced April 1, 2025, and expires April 1, 2040, offering a remaining term of 15.4 years. The lease includes four 5-year renewal options, with 10% rent increases every five years throughout the initial term and scheduled increases of 10% or more at the start of each option period. This provides a stable, inflation-hedged income stream. The property boasts a 4.50% cap rate and a Net Operating Income (NOI) of $135,000. The asking price is $3,000,000. This prime retail location enjoys high visibility on a major thoroughfare, benefiting from significant daily traffic counts exceeding 39,900 vehicles at the intersection of W Baseline St and N 4th Ave. The property's strategic location is further enhanced by its proximity to a large Walmart Supercenter and a Fred Meyer-anchored shopping center featuring numerous national tenants. The surrounding area boasts strong demographics, including an affluent population with an average household income of $113,424 within a 5-mile radius, encompassing over 78,000 residents and 26,118 employees. The property's location near Pacific University also contributes to its strong potential. This is a low-management investment opportunity with minimal landlord responsibilities, making it ideal for passive investors seeking a secure and appreciating asset. The APN is 1N333CD-03600.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cornelius
- County
- Washington
- State
- Oregon
- Longitude
- -123.0664628
- Latitude
- 45.5203804
