Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Portland, OR - Octapharma
12215 SE Powell Blvd | Portland, OR 97236
Description
SRS National Net Lease Group in collaboration with NAIElliot is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a
NNN leased, corporate signed, freestanding, Octapharma Plasma investment property located in Portland, Oregon. The tenant, Octapharma Plasma has over 6 years remaining on their current lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features varying rental increases starting in Jan 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Location
The Octapharma is located near the signalized, hard corner intersection of SE Powell Blvd and SE 122nd Ave with a combined 68,500 vehicles passing by daily. SE Powell Blvd, is a major retail thoroughfare serving the city of Portland. The property is positioned across SE Powell Blvd from Powell Villa, a 75,000 square foot shopping center that features national/credit tenants including Dollar Tree, 7-Eleven, and AutoZone. Additionally, the asset is less than a mile south of Division Center, a 113,000 square foot Grocery Outlet, Crunch Fitness, and Petco anchored center. Furthermore, the property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Neighborhood Market, The Home Depot, Safeway, Walgreens, Dollar Tree, Rite Aid, Albertsons, and more, further increasing consumer traffic to the site. The subject property is in close proximity to David Douglas High School, which has over 2,780 students and helps draw consumers into the trade area. The 5-mile trade area is supported by a population of over 428,900 with an affluent average household income of $104,182.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215