Jackie's | 930 SE Sandy Blvd
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Jackie's 930 SE Sandy Blvd
6,300 SF Retail Building Portland, OR 97214 $4,300,000 ($683/SF) 6.14% Cap Rate
Investment Highlights
- ESTABLISHED TENANT WITH PROVEN SUCCESS: Tenant reports extremely strong sales at this location, demonstrating reliability and performance.
- THRIVING LOCATION IN A GROWING MARKET: Situated in Portland’s desirable inner east side, adjacent to the prestigious Soho House.
- SECURE NNN LEASE WITH INCREASES: Long-term NNN lease with 3% annual rent escalations, providing consistent income and built-in rent growth.
- EXTENSIVELY RENOVATED ASSET: Fully updated in 2016, including electrical systems, HVAC, waterlines, and a sprinkler system.
Executive Summary
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.
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,300 SF
Building Class
C
Year Built/Renovated
1959/2016
Price
$4,300,000
Price Per SF
$683
Cap Rate
6.14%
NOI
$264,020
Tenancy
Single
Building Height
2 Stories
Building FAR
1.03
Land Acres
0.14 AC
Opportunity Zone
Yes
Zoning
EX - The Central Employment (EX) zone allows a full range of high density commercial, light industrial, institutional and residential uses.
Frontage
124 FT on Sandy Blvd
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (98)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R150428 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $662,000 |
PROPERTY TAXES
Parcel Number
R150428
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$662,000
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Olivia Franssen -
Nicholas Bushong -
Fulcrum Pacific
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Jackie's | 930 SE Sandy Blvd
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