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Restaurant

Pho Da Lat

10232 NE Sandy Blvd, Portland, OR 97220

Listing Price: $1,350,000

Cap Rate
5.87%
Tenant Name
Pho Da Lat
Years Remaining On Lease
7.0
Gross SF
1,990
Guarantor
No Guarantee
Rentable SF
1,990
Price/Gross SF
$678.39
Lease Type
Absolute Net
Rent Per Square Feet
$39.82

Investment Overview

Pho Da Lat is a NNN leased restaurant investment with seven years remaining and three annual rent bumps. Marcus & Millichap has been exclusively selected to market for sale 10232 NE Sandy Boulevard in Portland, Oregon. The property consists of one, 1,990 square foot restaurant on two parcels totaling 13,645 square feet zoned CM2. The tenant has been in operation at this site for over 10 years and has just under seven years remaining on their absolute NNN lease. The property presents an investor with the opportunity to acquire a passive restaurant investment property with a seasoned tenant and annual rent growth.

Investment Highlights

  • 7 Year Absolute NNN Lease
  • Seasoned Operator
  • Replaceable Rent
  • Strong Location Near I 205 and PDX Airport
  • Ample Parking
  • Great Access to Interstate Highways

Exclusively Listed By

Listing Price: $1,350,000

Cap Rate
5.87%
Tenant Name
Pho Da Lat
Years Remaining On Lease
7.0
Gross SF
1,990
Guarantor
No Guarantee
Rentable SF
1,990
Price/Gross SF
$678.39
Lease Type
Absolute Net
Rent Per Square Feet
$39.82

Investment Highlights

  • 7 Year Absolute NNN Lease
  • Seasoned Operator
  • Replaceable Rent
  • Strong Location Near I 205 and PDX Airport
  • Ample Parking
  • Great Access to Interstate Highways

Investment Overview

Pho Da Lat is a NNN leased restaurant investment with seven years remaining and three annual rent bumps. Marcus & Millichap has been exclusively selected to market for sale 10232 NE Sandy Boulevard in Portland, Oregon. The property consists of one, 1,990 square foot restaurant on two parcels totaling 13,645 square feet zoned CM2. The tenant has been in operation at this site for over 10 years and has just under seven years remaining on their absolute NNN lease. The property presents an investor with the opportunity to acquire a passive restaurant investment property with a seasoned tenant and annual rent growth.

Exclusively Listed By

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