Net Lease
Jackie's
930 SE Sandy Blvd, Portland, OR 97214
Property Details
Price | $4,300,000 |
Cap Rate | 6.14% |
Price/SF | $683 |
Rentable Square Footage | 6,300 SF |
Site Area | 0.14 Acres |
Zoning | EX |
Property Description
Fulcrum Pacific is pleased to offer for sale the fee simple ownership of Jackie’s, a highly successful net-leased restaurant in Portland, Oregon. Occupying a 6,300-square-foot space, Jackie’s recently extended its lease for an additional five years, securing tenancy through 2031. The operator, a well-regarded restaurateur with a history of popular venues in Portland, continues to grow their local footprint and reports extremely strong sales at this location.
The property was fully renovated in 2016, with significant updates including new electrical systems, HVAC units, waterlines, and a full sprinkler system, ensuring long-term efficiency and reducing future maintenance needs. Positioned in a prime area on Portland’s inner east side, the property is adjacent to the upscale Soho House, further enhancing its appeal in this sought-after district. Jackie’s operates on a NNN lease with 3% annual rent escalations, offering investors a steady income stream with built-in growth. This fully stabilized asset combines a premier location with a well-established tenant, making it an exceptional addition to any portfolio.
Property Highlights
ESTABLISHED TENANT WITH PROVEN SUCCESS: Tenant reports extremely strong sales at this location, demonstrating reliability and performance. Contact brokers for further information.
SECURE NNN LEASE WITH INCREASES: Long-term NNN lease with 3% annual rent escalations, providing consistent income and built-in rent growth.
THRIVING LOCATION IN A GROWING MARKET: Situated in Portland’s desirable inner east side, adjacent to the prestigious Soho House, positioning the property in a vibrant, high-demand area.
EXTENSIVELY RENOVATED ASSET: Fully updated in 2016, including electrical systems, HVAC, waterlines, and a sprinkler system. Offers long-term efficiency and reduced maintenance costs.
Contact the Brokers
Nick Bushong
Principal Broker - Retail
(503) 778-0362
nick@fulcrumpac.com
OR 201209786
Olivia Franssen
Broker - Retail
(541) 337-7019
olivia@fulcrumpac.com
OR 201243207