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Department Store

US Foods Chef'store

1958 NW Upshur St, Portland, OR 97209

Listing Price: $10,300,000

Cap Rate
5.67%
Tenant Name
US Foods Chef'store
Years Remaining On Lease
7.1
Gross SF
34,000
Guarantor
Corporate Guarantee
Rentable SF
34,000
Price/Gross SF
$302.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.68

Investment Overview

Eric M Garske of Marcus & Millichap has been exclusively selected to market for sale a US Foods Chef'store , a single tenant investment property located in the heart of Northwest Portland. This property features a covered parking garage, NNN lease structure, and 3 percent annual rent escalations. US Foods Chef'store is accompanied by major employers such as Intel, Providence Health, Oregon Health and Services University, Nike, Columbia Sportswear, and many others in the surrounding area . The property is in proximity with 1,300 new construction apartment units, New Seasons, Ritz Carlton of Portland, and Slabtown which is the premier living standard in Portland . The opportunity presents itself with 7 years of lease term accompanied by 3 percent annual rent escalations, high performing location, and the highest growth area in Portland that will lead to long term success for the tenant.

Investment Highlights

  • NNN Lease
  • Single Tenant Grocery Store
  • Prime Location in Northwest Portland

Exclusively Listed By

Financing By

Department Store

US Foods Chef'store

Listing Price: $10,300,000

Cap Rate
5.67%
Tenant Name
US Foods Chef'store
Years Remaining On Lease
7.1
Gross SF
34,000
Guarantor
Corporate Guarantee
Rentable SF
34,000
Price/Gross SF
$302.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.68

Investment Highlights

  • NNN Lease
  • Single Tenant Grocery Store
  • Prime Location in Northwest Portland

Investment Overview

Eric M Garske of Marcus & Millichap has been exclusively selected to market for sale a US Foods Chef'store , a single tenant investment property located in the heart of Northwest Portland. This property features a covered parking garage, NNN lease structure, and 3 percent annual rent escalations. US Foods Chef'store is accompanied by major employers such as Intel, Providence Health, Oregon Health and Services University, Nike, Columbia Sportswear, and many others in the surrounding area . The property is in proximity with 1,300 new construction apartment units, New Seasons, Ritz Carlton of Portland, and Slabtown which is the premier living standard in Portland . The opportunity presents itself with 7 years of lease term accompanied by 3 percent annual rent escalations, high performing location, and the highest growth area in Portland that will lead to long term success for the tenant.

Exclusively Listed By

Financing By

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