Broadway Cannabis Market Montavilla
Retail Storefront | 5,000 SF
Marketing description
The 5,000 square foot single story retail building at 8028 SE Stark features high ceilings, 92 feet of frontage on SE Stark Street with large windows and wood framed construction. The flexible mixed-use zoning (CM2) allows for 3-4 stories of multifamily housing above office or retail allowing for future redevelopment.
The tenant Broadway Cannabis Market was formed in 2019 and has grown to 6 locations with Montavilla set to be their 7th, all of which are in leased spaces. Broadway chose the site due to the high foot traffic on SE Stark Street in Montavilla and lack of existing dispensaries in the neighborhood. The area is served by mass transit, has free street parking, and is easily accessed via I-84 to the 82nd Avenue exit or I-205 to the Stark Street Exit.
Investment highlights
Five year NNN lease starts 5/1/2025 with 3% annual increases
$89,458 NOI / 8.13% Cap Rate
Over $150k in TI’s to be paid for by Seller
Proven Tenant at Fair Market Rent
Close to Highway 213 (82ND Avenue) and I-205
Zoning: Commercial Mixed Use 2 (CM2)
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