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1019 NE 122nd Ave
Portland, OR 97230

$1,000,000 USD

Freestanding For Sale  •  1,323 SF

Property Details

• Property Type Freestanding
• Total Building Size 1,323 SF
• Lot Size 0.22 AC
• Building Class C
• Year Built 1951
• Cap Rate 8.50 %
• Tenancy Single
• Zoning CO1

53 Transit Score

78 Walk Score

Highlights

Heavy daytime traffic counts

Off-street parking

Absolute NNN no landlord responsibilities

Excellent location in NE Portland

Property Flyers

122nd & Holladay-SALE-LEASEBACK-2024

Financial Summary

Cap Rate:

8.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Nectar Cannabis	1,323 SF	8/1/2033

Amenities

• Bus Line
• Corner Lot
• Tenant Controlled HVAC

Public Transportation

Commuter Rail	Drive	Walk	Distance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak)	17 min	-	8.9 mi
Transit/Subway	Drive	Walk	Distance
E 122Nd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	1 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
Portland International	13 min	-	6.0 mi