Listed by Westover Industrial Partners
$2,800,000
STNL Industrial - REIC Rentals (Hood River, OR)
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 6,250
Net Rentable (SqFt) 6,250
Cap Rate 5.46%
NOI $152,772
Occupancy 100%
Tenancy Single
Brand/Tenant REIC Rentals
Lease Type NNN
Lease Expiration 04/30/2028
Remaining Term 2
Rent Bumps Yes
Lease Options None
Year Built 1969
Year Renovated 1992
Acreage 2.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2015
Ground Lease No
Ceiling Height 14'
REIC Rentals | 5.46% CAP | STNL IOS
Marketing description
Westover Industrial Partners is pleased to present 1113 Tucker Rd, a 2.69-acre single-tenant industrial outdoor storage (IOS) facility in Hood River, Oregon, net leased to REIC Rentals, LLC. The low-coverage, yard-dominant site sits directly on the I-84 corridor through the Columbia River Gorge — a market where developable industrial land and improved yard space are exceptionally scarce.
The property is occupied by REIC Rentals, LLC, which recently acquired a long-tenured operating business carrying a 50-plus-year history. The NNN lease has two years of remaining term with no renewal options and 3% annual increases, producing current NOI of $152,400.
The short remaining term is the offering's defining feature. It positions the asset for passive net-lease and 1031 capital seeking yield with near-term mark-to-market upside, while simultaneously drawing local and regional owner-users who rarely find a chance to own scarce, infill yard space along the corridor.
Investment highlights
- Net-Leased IOS Asset with Nationally-Operating Tenant: Single-tenant, net-leased industrial outdoor storage facility occupied by REIC Rentals, LLC, a specialty equipment rental company headquartered in Montana operating 55 locations across the United States and Canada.
- Seller Financing Available: The seller is willing to structure seller financing for a qualified buyer, with flexible terms that lower the cost of capital, enhance leveraged returns, and broaden the field of prospective buyers.
- 55-Year Operating History at the Site: The property has functioned as an equipment rental operation for 55 years, with REIC Rentals, LLC acquiring the longstanding business and operating from the location since 2018. This long, proven track record reflects deeply entrenched use and a tenant materially committed to the site.
- Tenant Open to a 5-Year Extension: With two years remaining, no renewal options, and 3% annual rent increases in place, an incoming owner gains near-term control to mark rents to market, recast, or restructure the lease on their own terms. The tenant has also indicated a willingness to extend for up to an additional five years, offering the alternative of locking in durable, escalating income and a stabilized, financeable net-lease asset.
- Ancillary Billboard Income: A billboard lease on the property provides modest, incremental revenue alongside the primary tenant's rent
- Rare Low-Coverage IOS / Owner-User Optionality: A 2.69-acre, low-coverage (5.3% FAR) yard-dominant site directly on the I-84 corridor, exceptionally scarce in the supply-constrained Columbia River Gorge, offering a clear path to occupancy for a regional owner-user as the lease burns down.
- Major Public Infrastructure Investment in Hood River: The roughly $1.12 billion Hood River-White Salmon Interstate Bridge replacement, one of only three Columbia River crossings in the 85-mile Gorge National Scenic Area, linking Interstate 84 and SR-14, has secured its federal Record of Decision with design well underway and is targeting a 2027 construction start, pending final funding, alongside Port of Hood River waterfront transportation improvements, reinforcing the corridor's long-term economic and freight significance.
Listing Contacts
Listed by Westover Industrial Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,772.00
$12,731.00/mo
Valuation Metrics
0
DSCR
5.46%
Cap Rate
5.46%
ROI
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Zoning
C-1 CommercialGeneral CommercialCommercial Zone
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View all 22 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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