Listed by Capacity Commercial Group
$3,986,000
The Venetian
Details
Property Type Retail, Special Purpose
Sub Type Sports/Entertainment, Event Venue
Square Footage 16,000
Cap Rate 70.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 7
Price per SqFt $249
Class A
Year Renovated 2008, 2021
Buildings 1
Stories 2
FOR SALE | 16,000 SF Event and Entertainment Venue in Downtown Hillsboro
Marketing description
Fully Leased | NNN Investment
Sale Price: $3,986,000 ($249/SF)
CAP Rate: 7.00%
Building Size: 16,000 SF
Capacity: 1,200
Tenant: Iris Decorations
Investment highlights
Brand new 7-year lease with established event company; commences January 1, 2026
Building has received major renovations including interior upgrades in 2021, major building systems upgrades in 2008, and seismic upgrades
The floor plan features three distinct areas which allows for multiple sources of revenue by the operator
Below market rents
Prime Downtown Hillsboro Location
Located on Main Street which has undergone a substantial resurgence with breweries, coffee shops, retailers, and restaurants nearby
Listing Contacts
Listed by Capacity Commercial Group
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