920 Wood Vlg Blvd Wood Village, OR 97060
Property profile & analytics
920 Wood Vlg Blvd Wood Village, OR 97060
- Retail space
- 0.78 lot acres
Property ID
US71-1508989
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
- Chipotle Mexican Grill / Restaurant
Property Details for 920 Wood Vlg Blvd
- Lot size
- 0.78 lot acres
- Zone code
- TC
- Property type
- Retail space
- APN
- 1N3E34B 00817
- APU
- 1N3E34B00817
Description
This exceptional investment opportunity presents a brand-new, fee-simple Chipotle restaurant in Wood Village, Oregon. Built in 2023, this 2,325 square foot QSR boasts a signature Chipotlane drive-thru, indoor dining, and outdoor patio seating. Situated on a 1.41-acre lot with 38 parking spaces, the property enjoys a prime location as an outparcel to the Wood Village Town Center. The 100% occupied property is under a corporate-guaranteed, 15-year net lease (NN) with 14.1 years remaining, featuring fixed 7.5% rent increases every five years. The lease includes three five-year renewal options. The property generates a strong NOI of $145,313, representing a 5.00% cap rate and a price per square foot of $1,250. The asking price is $2,906,260. This investment offers exceptional cash flow, built-in rent growth, and a resilient tenant in a desirable location within the Portland MSA. The property's address is 920 NE Wood Village Blvd, Wood Village, OR 97060, and its APN is R489399. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth potential. The property benefits from excellent visibility, strong traffic counts, and limited fast-food competition. The tenant, Chipotle, is a well-established, recession-resistant brand. This is a truly exceptional investment opportunity for those seeking a stable, high-return asset.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wood Village
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.427
- Latitude
- 45.5295
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,424
$0.00
$0.00
$438,150
-
$838,620
$44,810
$883,430
