Properties Available

SOLD: SINGLE TENANT NNN LEASED INVESTMENT

32,100 Sqft - 3031 SE Powell Blvd, Portland, OR

Property Description

MAJ Commercial Real Estate and Commercial Realty Advisors is pleased to present the opportunity to acquire a single tenant net leased investment located in Portland, OR.

The property is leased to Target Corporation on a 10-year initial term with +/-6.5 years remaining. This location is Portland, Oregon’s first “small format” Target Store, which refers to the store’s size of +/- 32,000 square feet. This flexible designs lets Target bring the best of the Bullseye into urban neighborhoods where a full-size Target wouldn’t fit, but still provide excellent shopping experiences for locals. Target is ideally located on Powell Blvd which has a daily traffic count of approximately +/-58,000 VPD and is a prime location for an Urban Target. This location also features a CVS Pharmacy. Centered between Grover Cleveland High School and Cleveland Track and Sports Field, Target is also surrounded by, McDonalds, Burgerville, Starbucks and much more.

Basic Details
Property Type : Retail
Listing Type : Sold/Leased
Price : $17,655,000
Bldg Size : 32,100 Sqft
Available Space : 32,100 Sqft
Listing ID : 1535
Features
Cap Rate : 4
Neighboring Tenants : McDonalds, Burgerville, Starbucks
Additional Photos
Additional Photos :

Retail Sold/Leased
  • Listing ID : 1535
  • Bldg Size : 32,100 Sqft
$17,655,000
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