Octapharma | 6+yrs Remain Corp NNN | 12215 SE Powell Blvd
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Octapharma | 6+yrs Remain Corp NNN 12215 SE Powell Blvd
13,346 SF Retail Building Portland, OR 97236 £2,893,997 (£217/SF) 7.25% Net Initial Yield
Investment Highlights
- Over 6 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Powell Villa (75,000 SF) | Division Center (113,000 SF) |David Douglas High School | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease Group in collaboration with NAIElliot is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, freestanding, Octapharma Plasma investment property located in Portland, Oregon. The tenant, Octapharma Plasma has over 6 years remaining on their current lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features varying rental increases starting in Jan 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,346 SF
Building Class
B
Year Built/Renovated
1999/2021
Price
£2,893,997
Price Per SF
£217
Net Initial Yield
7.25%
NOI
£209,815
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Land Acres
1.16 AC
Zoning
CM1 - Commercial Mixed Use
Parking
59 Spaces (4.42 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
- Car Charging Station
- Air Conditioning
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £147,748 | Total Assessment | £2,026,515 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£147,748
Improvements Assessment
£0
Total Assessment
£2,026,515
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Ashton Summers -
NAI Elliott
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Octapharma | 6+yrs Remain Corp NNN | 12215 SE Powell Blvd
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