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

Former Shari's of Troutdale

Retail | 9.29% CAP | 3,931 SF

Listing Contacts

Active

Asking Price: $1,895,000
Address 

557 NW Phoenix Dr, Troutdale, OR 97060

Show on Map
Date Added
Oct 27, 2022
Days on Market
930 days
Time Since Last Update
68 days

Details

Property TypeRetail
SubtypeRestaurant
Investment TypeNet Lease
Lease TypeNNN
TenancySingle
Brand/TenantShari's
Square Footage3,931
Price/Sq Ft$482.07
Cap Rate9.29%
NOI$176,029
Year Built1994
Stories1
Lot Size (sq ft)41,014
IntelligenceINTELLIGENCE
Explore more in-depth Comp & Record details for this property. Explore

Marketing Description

Presenting a triple-net, single-tenant investment opportunity in Troutdale, Oregon, Shari's offers 3,931 square feet of property on a sizable 0.94-acre lot located only a block from the Columbia Gorge Outlets.​ Established within the area, the tenant resides between several of the area's best retailers, such as McDonald's, Starbucks, Popeye's, Subway, Arby's, Levi's, GAP, Adidas, Coach, and Pendleton.​ With Amazon and FedEx in their nearby Troutdale facilities, they are the main employers within a 1-mile radius of the property.​ Furthermore, the tenant has plans to make at least $50,000 in improvements in the next year.​ Troutdale is a thriving outdoor community with plenty of tourist activity along Interstate 84 and consumer spending reaching $4.6 billion in a 5-mile radius.​

Investment Highlights

  • Shari's Is a 3,931 SF Single-Tenant Absolute Triple Net Lease Investment Opportunity in the City of Troutdale, Oregon.

  • Shari's Property Was Originally Built in 1994 and Sits on a Large 0.94-acre Parcel. Situated A Block From Columbia Gorge Outlets.

  • Shari's Is an Established Tenant Within the Community and is Nestled Comfortably Between Some of the Area's Best Retailers Retailers Including McDonald's, Starbucks, popeye's, Subway, Arby's, Levi's, GAP, Adidas, Coach, Pendelton.

  • The largest employers within a 1-mile radius of the subject property are Amazon & FedEx in their new Troutdale facilities.

  • The tenant plans to upgrade the facility with at least $50,000 in improvements within the next year.

  • Troutdale is a Community With Vibrant Outdoor Focus. The Gateway to the Gorge Which Draws Steady Traffic from the 102,789 VPD+Traveling Along Interstate 84.

  • Excellent Neighborhood for Retail, With $4.6B Annual Consumer Spending in the Surrounding 5 Mile Radius.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,029.00
$14,669.08/mo

Valuation Metrics

0
DSCR
9.29%
Cap Rate
9.29%
ROI
Subscribe to Intelligence
View property history data!
Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
Date Event Document Price Price/SF Sold By Sold To
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


Similar Properties for Sale

Pictures of Retail property located at 1325 E Historic Columbia River Hwy, Troutdale, OR 97060 for sales - image #1
$1,430,000
Tad's Chicken 'N Dumplins
Retail • 6,988 SF

1325 E Historic Columbia River Hwy Troutdale, OR 97060

Pictures of Mixed Use, Office, Retail property located at 23424 NE Halsey St, Wood Village, OR 97060 for sales - image #1
Opportunity Zone
Unpriced
The Halsey Building
Mixed Use • 11,980 SF

23424 NE Halsey St Wood Village, OR 97060

Pictures of Retail property located at 993 NE Kane Dr, Gresham, OR 97030 for sales - image #1
$3,250,000
Gresham Powersports
NNN Leased Investment

993 NE Kane Dr Gresham, OR 97030

Pictures of Industrial, Mixed Use, Retail property located at 1831 E Powell Blvd, Gresham, OR 97080 for sales - image #1
$2,548,000
1831 E Powell Blvd
Industrial • 9,800 SF

1831 E Powell Blvd Gresham, OR 97080

Pictures of Retail property located at 1940 E Powell Blvd, Gresham, OR 97080 for sales - image #1
$6,575,000
1940 E Powell Blvd - Gresham (Hertz Car Sales)
Net Leased Automotive Dealership with Strong Corporate Tenant - Gresham, OR

1940 E Powell Blvd Gresham, OR 97080

Pictures of Office, Retail property located at 1304 E Powell Blvd, Gresham, OR 97030 for sales - image #1
$585,600
1304 E Powell Blvd. Gresham
High Visibility Classic with ample parking

1304 E Powell Blvd Gresham, OR 97030

Pictures of Retail, Office property located at 2222 E Powell Boulevard, Gresham, OR 97080 for sales - image #1
$1,575,000
2222 E Powell Boulevard
Retail • 5,364 SF

2222 E Powell Boulevard Gresham, OR 97080

Pictures of Retail property located at 110 NE Roberts Ave, Gresham, OR 97030 for sales - image #1
Opportunity Zone
$1,900,000
Former Bank Building - NE Roberts
FOR SALE • 10,981 SF Freestanding Former Bank Building in Gresham, OR

110 NE Roberts Ave Gresham, OR 97030

Pictures of Retail property located at 20 NW 2nd St, Gresham, OR 97030 for sales - image #1
Opportunity Zone
$1,400,000
20-50 NW 2nd St. & 140 NW Miller Ave.
Retail • 9,200 SF

20 NW 2nd St Gresham, OR 97030

Pictures of Industrial, Retail property located at 2441 - 2451 NW Eleven Mile Avenue, Gresham, OR 97030 for sales - image #1
Opportunity Zone
$3,100,000
2441 - 2451 NW Eleven Mile Avenue
Industrial • 21,082 SF

2441 - 2451 NW Eleven Mile Avenue Gresham, OR 97030

Pictures of Retail property located at I-84 & 181st Avenue, Portland, OR 97230 for sales - image #1
Opportunity Zone
Unpriced
I-84 & 181st Avenue
Retail

I-84 & 181st Avenue Portland, OR 97230

See more properties for sale in Troutdale
See More
See More Similar Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report