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Restaurant

Ole Frijole Restaurant

4125 NE Killingsworth St, Portland, OR 97211

Listing Price: $995,000

Cap Rate
7.92%
Tenant Name
Ole Frijole Restaurant
Years Remaining On Lease
2.3
Gross SF
1,287
Guarantor
No Guarantee
Rentable SF
1,287
Price/Gross SF
$773.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.25

Investment Overview

Marcus and Millichap presents the Ole Frijole restaurant site at the corner of Northeast Killingsworth and 42nd Avenue in Portland. This locally-owned restaurant has called this location home since 2002 and is a highly-rated staple of the Concordia neighborhood. The tenant currently operates under a triple-net lease expiring in June of 2026, featuring minimal landlord responsibilities and three percent annual rental increases.

The restaurant is located at the corner of a signalized intersection and is directly across the street from Portland Community College’s newly developed Opportunity Center. The property boasts an 86 “Walk Score” and a 97 “Bike Score” and benefits from its proximity to the area’s major highways, Portland International Airport (PDX), and Downtown Portland. The CM2 (Commercial Mixed-Use 2) zoning designation for the parcel provides an array of potential uses for the property.

Investment Highlights

  • Signalized Corner Location | Corner of NE Killingsworth Street & 42nd Avenue with 15,000+ Vehicles Per Day
  • CM2 Zoning | Large Array of Potential Uses
  • Long-Tenured Tenant on NNN Lease with 3% Annual Rental Increases
  • Adjacent to the Newly Constructed PCC Opportunity Center and Fernhill Park
  • Proximate to Downtown Portland, Interstate 84, Portland International Airport (PDX), and the Alberta Arts District

Exclusively Listed By

Financing By

Restaurant

Ole Frijole Restaurant

Listing Price: $995,000

Cap Rate
7.92%
Tenant Name
Ole Frijole Restaurant
Years Remaining On Lease
2.3
Gross SF
1,287
Guarantor
No Guarantee
Rentable SF
1,287
Price/Gross SF
$773.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.25

Investment Highlights

  • Signalized Corner Location | Corner of NE Killingsworth Street & 42nd Avenue with 15,000+ Vehicles Per Day
  • CM2 Zoning | Large Array of Potential Uses
  • Long-Tenured Tenant on NNN Lease with 3% Annual Rental Increases
  • Adjacent to the Newly Constructed PCC Opportunity Center and Fernhill Park
  • Proximate to Downtown Portland, Interstate 84, Portland International Airport (PDX), and the Alberta Arts District

Investment Overview

Marcus and Millichap presents the Ole Frijole restaurant site at the corner of Northeast Killingsworth and 42nd Avenue in Portland. This locally-owned restaurant has called this location home since 2002 and is a highly-rated staple of the Concordia neighborhood. The tenant currently operates under a triple-net lease expiring in June of 2026, featuring minimal landlord responsibilities and three percent annual rental increases. The restaurant is located at the corner of a signalized intersection and is directly across the street from Portland Community College’s newly developed Opportunity Center. The property boasts an 86 “Walk Score” and a 97 “Bike Score” and benefits from its proximity to the area’s major highways, Portland International Airport (PDX), and Downtown Portland. The CM2 (Commercial Mixed-Use 2) zoning designation for the parcel provides an array of potential uses for the property.

Exclusively Listed By

Financing By

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