Listed by Macadam Forbes
$525,000
10415 Southeast Main Street
Details
Property Type Retail
Sub Type Bank
Square Footage 352
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/30/2027
Year Built 1978
Buildings 1
Acreage 0.230
Zoning Downtown Milwaukie Urban
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 352 SqFt
Marketing description
10415 SE Main St offers a rare covered-land investment opportunity in the heart of Historic Downtown Milwaukie. The site is improved with an existing drive-thru building leased to a credit tenant on an absolute NNN basis through 4/30/2027, delivering secure, management-free income while preserving long-term redevelopment upside. Favorable DMU zoning allows for flexible commercial and mixed-use reuse at lease expiration, positioning the property for value-add investors targeting both near-term cash flow and future development potential in a rapidly reinvesting downtown corridor.
Investment highlights
- NNN lease to investment-grade tenant through 4/30/2027 — low-maintenance, in-place income
- Redevelopment upside via DMU zoning, supporting future commercial or mixed-use build-out
- Located in Historic Downtown Milwaukie's main commercial corridor
- Convenient access to Hwy 99E and the Milwaukie/Main Street MAX Orange Line station
Listing Contacts
Listed by Macadam Forbes
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