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32680775
32680778

4331 Northeast Killingsworth Street, Portland, OR 97218

DB
OR 23010554, OR 201241591
Modern Realty
Listed by Modern Realty
$2,100,000
19 days on market
Updated 19 days ago

4331 Northeast Killingsworth Street

Details
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 6,520
Units 3
Cap Rate 5.15%
NOI $108,140
Occupancy 100%
Lease Type NNN
Year Built 1971
Lot Size (SqFt) 20,000
Zoning CN11
Parking Spaces 16 spaces
Parking Per SqFt 2.45
Investment Type Stabilized
Ground Lease No

100% leased with long term tenants in place and future upside potential through rental growth

Marketing description

In the heart of the Cully Neighborhood, this rare commercial offering is more than an investment. It is an opportunity to carry forward a property that has long been woven into the fabric of the community. Featuring two separate buildings on individual tax lots, this income producing asset has been cared for with pride of ownership from both the owner and the long standing tenants who have helped make it a trusted neighborhood staple for years.Long term tenants provide stability, while the newly completed 84 unit PCC housing development next door brings added visibility, and foot traffic to the area.For investors, this is a compelling opportunity to acquire a stable asset with dependable long term tenancy, and immediate income, and future upside through rent growth. Positioned in one of Portland’s steadily growing neighborhoods, this property offers the kind of secure foundation and appreciation potential that is increasingly difficult to find.

Investment highlights

Addresses included in the sale are 4331, 4337, and 4339. Tax lots included are R194181 and R194182. Long term tenants are in place with future rental growth potential, while the new 84 unit PCC housing complex directly next door brings increased foot traffic and continued growth to the area.

Listing Contacts

DB
OR 23010554, OR 201241591
Modern Realty
Listed by Modern Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$108,140.00
$9,011.67/mo

Valuation Metrics

0
DSCR
5.15%
Cap Rate
5.15%
ROI

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Additional Information

Name
David Brownlee
License
23010554
Brokerage
Modern Realty
Brokerage Phone
971-3406636
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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