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1915 Portland Rd

2,300 SF Retail Building Newberg, OR 97132 £986,250 (£429/SF) 5.68% Net Initial Yield

Investment Highlights

  • New 10-Year Absolute NNN Lease
  • Healthy Rent-to-Sales Ratio, Personal Lease Guarantee
  • Shared Parking with Abby's Pizza
  • Above Market Rental Escalations
  • Over 30,000 Vehicles/Day Exposure

Executive Summary

The tenant recently exercised a new 10-year lease which commenced November 1, 2024, including a 5% increase in Years 1 and 2, with 3% annual escalations thereafter. The lease is personally guaranteed and Momiji’s has been operating at this location since 2017.

Attachments

Momiji - Newberg

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,300 SF
Building Class
C
Year Built
1970
Price
£986,250
Price Per SF
£429
Net Initial Yield
5.68%
NOI
£56,019
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
0.33 AC
Zoning
C-2
Parking
50 Spaces (21.74 Spaces per 1,000 SF Leased)
Frontage
44 ft on Pacific Hwy

Amenities

  • Bus Route
  • Freeway Visibility
  • Pylon Sign
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

the Human Bean
KeyBank
Newberg Crossfit
Starbucks
Grocery Outlet
Dutch Bros
Black Bear Diner
First Federal Bank
Fred Meyer
Chase Bank

PROPERTY TAXES

Parcel Number 37310 Improvements Assessment £0
Land Assessment £0 Total Assessment £412,321

PROPERTY TAXES

Parcel Number
37310
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£412,321
(503) 221-2279

  • Listing ID: 33972125

  • Date on Market: 22/11/2024

  • Last Updated:

  • Address: 1915 Portland Rd, Newberg, OR 97132

The Retail Property at 1915 Portland Rd, Newberg, OR 97132 is currently available For Sale. Contact Kidder Mathews for more information.

Nearby Listings

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1915 Portland Rd, Newberg, OR for sale Building Photo- Image 1 of 3
View of Bldg Frontage & Drive-Thru
1915 Portland Rd, Newberg, OR for sale Plat Map- Image 2 of 3
Plat Map

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© 2024 CoStar Group

1915 Portland Rd
(503) 221-2279 x

1915 Portland Rd

1/2

Rebecca O'Leary

(503) 221-2279

(503) 221-2279

Ryan O'Leary

(503) 453-9124

(503) 453-9124

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