This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Thirsty Lion Gastropub 10205 SW Washington Square Rd

7,125 SF Retail Building Portland, OR 97223 £5,102,215 (£716.10/SF) 5.75% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Recently-Extended Net Lease | ±10.9 Years of Term Remaining | 10% Rent Increase in 2031 & in Each of the Two, 5-Year Renewal Options
  • Excellent Access & Visibility | SW Greenburg Road (11,297 VPD) | SW Beaverton Tigard Freeway (107,854 VPD)
  • Over 5,720 Households & 2,460 Multifamily Units Within 1 Mile
  • Original Location with Excellent Performance | Maintained a Rent-to-Sales Ratio Below 5.0%
  • Outparcel to the 1.3 MSF Washington Square Center | 1.7M visitors across 5.2M visits over the past 12 months (Placer.ai)
  • Less Than 7 Miles from Downtown Portland | Portland, OR MSA (MSA Population: 2.59M+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 7,125-square-foot Thirsty Lion Gastropub situated on 2.75 acres in Portland, OR (MSA Population: 2.59M+). Previously set to expire in 2030, Thirsty Lion’s net lease was recently extended for an additional 5 years years through 2035 and now features ±10.9 years of term remaining with a 10% increase in 2031 and in each of the two 5-year renewal options. The subject property is the original Thirsty Lion Gastropub that fueled the concept’s expansion to now include 13 locations throughout Arizona (5), Colorado (1), Oregon (2) and Texas (5).

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,125 SF
Building Class
C
Year Built
1974
Price
£5,102,215
Price Per SF
£716.10
Net Initial Yield
5.75%
NOI
£293,308
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
2.75 AC
Opportunity Zone
Yes
Parking
199 Spaces (27.93 Spaces per 1,000 SF Leased)
Frontage
262 ft on Washington Square Rd

AMENITIES

  • Signage
  • Signalised Intersection
Bike Score®
Very Bikeable (83)
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.®

NEARBY MAJOR RETAILERS

Bank of America
Ezell's Famous Chicken
Red Robin
Red Lobster
Starbucks
Dutch Bros
D-BAT
Nespresso
The Cheesecake Factory
Peloton Interactive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R0273288
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£702,956
  • Listing ID: 34818564

  • Date on Market: 13/02/2025

  • Last Updated:

  • Address: 10205 SW Washington Square Rd, Portland, OR 97223

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}