www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33555642
33555643

40 Northwest Burnside Road, Gresham, OR 97030

SR
OR 201233666, CA 02101543 (+42)
ParaSell Inc
KF
CA 01321833
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group
Unpriced
0 days on market
Updated 0 days ago
Opportunity zone

40 Northwest Burnside Road

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,330
Net Rentable (SqFt) 3,330
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options Four 5-Year @ Opt. 1: $487,815 Opt. 2: $531,596 Opt. 3: $579,756 Opt. 4: $632,732
Year Built 2026
Acreage 1.810
Ground Lease Yes

Absolute NNN Ground Lease with a Double Drive-Thru | Brand-New 15-Year Corporate-Guaranteed Lease

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/raisingcanes_gresham

Investment highlights

  • Raising Cane’s Chicken Fingers – Absolute NNN Ground Lease

– New 15-year corporate-guaranteed lease with 10% rental increases every 5 years

– Oversized 1.8 acre parcel; double-drive thru location

– Only drive-thru format Raising Cane’s in Oregon; 2nd overall location in the state

– Raising Cane’s posted $5.1 billion in systemwide sales in 2024, up 33% year-over-year, with samestore

sales increasing 15%

– #2 average unit volume in fast food: average unit-level sales of 6.6 million are more than double the

QSR peer average

– Located in the top 9% most trafficked of in the strip/convenience category nationwide,

per Placer.ai

  • Pad to Wunderland: A state-of-the-art European-designed electric go-kart racing venue featuring banked turns, top-rated laser tag, a theater, and more

than 100 modern and nostalgic arcade games, all operating on a nickel-based pricing model

– Raising Cane’s benefits from strong customer synergy with Wunderland, which draws families from the surrounding trade area and drives consistent crossshopping

traffic to the center

  • Exceptional Market & Trade Area Fundamentals

– Dense Portland MSA location; Gresham is the 4th most populous city in Oregon and the 2nd largest

city in the Portland MSA, with approximately 110,000 residents and a median household income

of $78,000

– Approximately 235,000 residents with an average household income of $100,000 within a

5-mile radius

– 34% of households have children under 18, the core demographic for Wunderland’s entertainment

concept and the center’s family-service tenant mix

– The Portland MSA supports a $218 billion economy that has grown 59% over the past decade,

anchored by Nike, Intel, Providence Health & Services, and Oregon Health & Science University;

Portland is known as the “Silicon Forest” for its concentration of technology, advanced manufacturing, apparel,

bioscience, clean tech, and healthcare employers

– Fronts Burnside Road, the main retail thoroughfare connecting suburban Gresham to downtown Portland, at a signalized intersection with 50,000 cars per day

– Adjacent to Gresham High School (1,600 students)

Listing Contacts

SR
OR 201233666, CA 02101543 (+42)
ParaSell Inc
KF
CA 01321833
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Scott Reid
License
201233666
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591