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12035 NE Halsey St
Portland, OR 97220

$3,463,158 USD

Fast Food For Sale  •  2,376 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,376 SF
  • Lot Size 0.58 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 4.75 %
  • Tenancy Single
  • Zoning C2
40 Transit Score
82 Walk Score

Highlights

Strong Corporate Guarantee from a Credit Rated Tenant | Absolute NNN Lease
Brand New Lease | 15 Years Remaining on the Lease
Rental Increases | 10% Rental Increases Every 5 Years providing a strong hedge against inflation
2024 Construction | Brand new build-to-suit for Chipotle with store opening August 8, 2024
Commuter Route Frontage | Property boasts frontage on NE Halsey St and just off NE 122nd Ave which see 50,000+ VPD
Ease of Circulation | Chipotle benefits from being situated on a .58 AC lot with ample parking and a drive-thru “Chipotlane”

Property Flyers

Cap Rate: 4.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Chipotle 8/31/2039

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) 17 min - 8.3 mi
Transit/SubwayDriveWalkDistance
E 122Nd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 16 min 0.8 mi
AirportDriveWalkDistance
Portland International 13 min - 5.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Patrick Conway 818-907-4696 CBRE
Patrick Conway 818-907-4696 CBRE