240 Northwest Burnside Road

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240 Northwest Burnside Road

Gresham, OR 97030
Asking Price
Contact for price
Asset Type
Restaurant Retail
Class
Class B

What's Special

Single-Tenant Absolute NNN | #1 Most Visited Red Lobster in Oregon | 35-Year Operating History <ul><li>​Red Lobster; Single-Tenant Absolute NNN</li></ul><p>– The world’s largest seafood casual dining chain, with 545 U.S. locations across 44 states and four</p><p>Canadian provinces</p><p>– 35-year operating history at this location (since 1991); executed a new 15-year lease in 2021, with 10</p><p>years remaining on the current term</p><p>– Renovated in 2023</p><p>– Strong reported gross sales; ranks near the top in chain performance</p><p>– 2% annual rent increases</p><p>– #1 of 5 most vis

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times