Minit Mart Food Store 1610 NE 223rd Ave Local commercial 260 m² À vendre Fairview, OR 97024 904 113 € (3 475,64 €/m²) Taux de capitalisation 5,14 %

((( Price Adjusted ))) Rare Freestanding Grocery and Convenience Store Investment Opportunity
Realty First, LLC is pleased to present the opportunity to acquire a freestanding, single-tenant retail investment property located at 1610 NE 223rd Avenue in Fairview, Oregon.
The approximately 2,800-square-foot building is occupied by 365 Convenience Store, an established neighborhood grocery and convenience store operator. The property has reportedly operated as a grocery and convenience store location for more than 30 years, providing strong customer familiarity and long-standing recognition among nearby residents, commuters, and businesses.
The property is prominently positioned at a highly visible, high-traffic location and features convenient customer access, approximately 10 parking spaces, a large freestanding pylon sign, and prominent building-mounted tenant signage with the great access. Its daily-needs retail use generates consistent customer visits throughout the day and offers durability through changing economic conditions.
The current gross lease commenced on July 3, 2023, and expires on June 30, 2028, with one additional five-year renewal option. Current rent is $4,500 per month, generating annual NN rental income of $54,000, or approximately $19.29 per square foot.
Public records identify the property as a 2,800-square-foot commercial building constructed in approximately 1955 and situated on approximately 0.13 acres. The property is located within the East Columbia Corridor submarket and is identified with TCC zoning.
This offering provides an investor with stable in-place rental income, an established neighborhood retail location, excellent visibility, a manageable freestanding building configuration, and potential future rental upside.
Also the adjecent property and Fairview deli & video poker business at 1606 NE 223rd Ave is available for sale in the loopnet.com
??? INVESTMENT HIGHLIGHTS ???
? Rarely Available Freestanding Neighborhood Retail Building
? Approximately 2,800 Square Feet
? Asking Price: $1,050,000
? Occupied by 365 Convenience Store
? Grocery and Convenience-Store Use Established for More Than 30 Years
? Current Base Rent: $4,500 per Month
? Modified Annual NN Rental Income: $54,000
? Lease Expiration: June 30, 2028
? One Additional Five-Year Renewal Option
? Potential Future Rental-Rate Upside
? Highly Visible, High-Traffic Location
? Freestanding Pylon Sign and Prominent Building Signage
? Approximately 10 Customer Parking Spaces
? Approximately 0.13-Acre Parcel
? 2025–2026 Property Taxes: Approximately $4,022.25
? Durable Concrete-Block Construction
? Convenient Portland Metropolitan-Area Location