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Food Cart Pod in NE Portland

Rapidly growing industry in Portland metro

Listing Contacts

Active

Asking Price: $895,000
Address 

8220 NE Davis St, Portland, OR 97220

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Date Added
Aug 23, 2024
Days on Market
241 days
Time Since Last Update
134 days

Details

Property TypeBusiness for Sale
SubtypeBusiness Only
TenancyMulti
Net Rentable (sq ft)8,200
Cap Rate10.28%
NOI$92,000
Units15
Ground LeaseYes
Ground Lease Expiration06/01/2036
IntelligenceINTELLIGENCE
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Marketing Description

Rapidly growing industry in Portland metro

-Fifteen space food cart pod in Northeast Portland, organic growth with strong potential upside
-Ideal Incubator Model for restaurant industry with low entry barrier for tenants
-Multiple Avenues of Upside Opportunity – Expense Recapture, Streamlining of Facilities, Repurposing of Underutilized Space, Compression of Rent Delta
-Fully in Compliance with Portland’s New Food Cart Pod Regulations – Perfectly Poised to Benefit from Carts Displaced from Non-Compliant Pods
-Long term favorable lease on the land

Investment Highlights

Minimal involvement required. Opportunity to grow with marketing and sales efforts.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,000.00
$7,666.67/mo

Valuation Metrics

0
DSCR
10.28%
Cap Rate
10.28%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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