13800 SE McLoughlin Blvd | Milwaukie, OR 97222
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- LoopNet Team
13800 SE McLoughlin Blvd
Milwaukie, OR 97222
Nectar Milwaukie · Retail Property For Sale
Investment Highlights
- Five years of firm term remaining with 4% annual base rent escalations.
- Annual rent increases provide opportunity to increase yield by over 175 basis points over the course of the current lease term.
- Ideally located with high visibility on SE McLoughlin Blvd with daily traffic counts in excess of 26,900.
- Tenant pays rent on the entire building yet occupies 2K of 5K SF, providing the potential opportunity to adjust the terms of the current lease.
- NNN Lease structure provides limited Landlord responsibilities.
- Nectar is a fast-growing, market-share leading Oregon cannabis entity with 36 locations across the state.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
1963
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.28 AC
Zoning
C3
Parking
8 Spaces (1.6 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 00171398 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $868,106 |
PROPERTY TAXES
Parcel Number
00171398
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$868,106
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