Vacant-User
Clamity Jae's Bar & Grill
10813 NE Halsey St, Portland, OR 97220
Listing Price: $1,575,000
Investment Overview
Clamity Jae's Bar & Grill is located at 10813 Northeast Halsey Street in Portland's Gateway Business District. Built in 1958, this restaurant building consists of approximately 4,709 square feet of gross leasable area. The building is situated on a 31,500 square foot lot, which is zoned Commercial Mixed-Use 2 (CM2). The property offers 50 off-street parking spaces. The roof was replaced in 2008 along with the furnace, air conditioning unit and water heater. Clamity Jae's Bar & Grill has leased this building since 2004. Clamity Jae's offer food, drinks, video poker, pool tables, arcade games and more. The current owners of the business plan to retire and sell their business to a new operator. This provides an investor the opportunity to acquire a fully leased, single-tenant restaurant building located along a strong retail corridor. The tenant has approximately (15) months of lease term remaining with (2) - 5 Year Options at Fair Market Rent. In addition to base rent, the tenant also pays a percentage rent equal to 4% of gross annual receipts exceeding one million dollars. The tenant pays all operating expenses except for building insurance. The tenant reimburses the landlord for property taxes.
Clamity Jae's Bar & Grill
Investment Highlights
- Good Exposure: 30,000+ Vehicles Per Day
- Fully Leased Investment Opportunity
- 15 Months of Lease Term Remaining
- Opportunity for Restaurant Operator to Acquire Business Separately
- Flexible Zoning (CM2) Allows Retail, Of?ce and Apartments
- Long Term Development Potential on 31,500 SF Parcel
- Close Proximity to Gateway Transit Center - MAX Station
- Property Offers 50 Off-Street Parking Spaces
Exclusively Listed By
Listing Price: $1,575,000
Investment Highlights
- Good Exposure: 30,000+ Vehicles Per Day
- Fully Leased Investment Opportunity
- 15 Months of Lease Term Remaining
- Opportunity for Restaurant Operator to Acquire Business Separately
- Flexible Zoning (CM2) Allows Retail, Of?ce and Apartments
- Long Term Development Potential on 31,500 SF Parcel
- Close Proximity to Gateway Transit Center - MAX Station
- Property Offers 50 Off-Street Parking Spaces
Investment Overview
Clamity Jae's Bar & Grill is located at 10813 Northeast Halsey Street in Portland's Gateway Business District. Built in 1958, this restaurant building consists of approximately 4,709 square feet of gross leasable area. The building is situated on a 31,500 square foot lot, which is zoned Commercial Mixed-Use 2 (CM2). The property offers 50 off-street parking spaces. The roof was replaced in 2008 along with the furnace, air conditioning unit and water heater. Clamity Jae's Bar & Grill has leased this building since 2004. Clamity Jae's offer food, drinks, video poker, pool tables, arcade games and more. The current owners of the business plan to retire and sell their business to a new operator. This provides an investor the opportunity to acquire a fully leased, single-tenant restaurant building located along a strong retail corridor. The tenant has approximately (15) months of lease term remaining with (2) - 5 Year Options at Fair Market Rent. In addition to base rent, the tenant also pays a percentage rent equal to 4% of gross annual receipts exceeding one million dollars. The tenant pays all operating expenses except for building insurance. The tenant reimburses the landlord for property taxes.
Exclusively Listed By
