FOR SALEINVESTMENT OPPORTUNITY
18201 SE Stark, Portland, OR
17,500SQUARE FT GLA
LOCATION173’ Frontage on SE
Stark
OFFERING PRICE$2,100,000
$120 PSF$7 PSF Absolute Net* Rents
5.72% CAP
SINGLE TENANTHappy Valley Children’s
Garden Daycare/Pre-School State Licensed Since 2006
New 10-year absolute net lease investment opportunity in East Portland. Located on a high-traffic section of SE Stark with 173’ of frontage and 39 parking spaces in the back of the building.
Cross Streets: SE Stark St. and SE 181st Ave
Type: 17,500 SF Facility
Lot Size: 37,026 SF (.85 acres)
Investment Highlights• $7.00 PSF + Absolute Net* (Well-below Market Rents)
• $175,000 Invested in Recent Tenant Improvements
• New 10-year Absolute Net* Lease w/ Personal
Guarantee
• Annual 3% Rent Increases
• One 5-year Option
• $120 per SF, Well-below Replacement Cost
*Tenant responsible for up to $1,000 per year for maintenance on HVAC units
18201 SE Stark St| Portland, OR 97233
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
Demographics 1 Mile 3 Miles 5 Miles
2017 Population 26,288 151,317 303,038
2022 Est. Population
27,832 160,308 321,151
2017 Med. HH Income
$41,491 $49,630 $52,334
Burnside Rd
Stark St
Glisan StGlisan St
18201 SE Stark St| Portland, OR 97233
181st
Ave
182nd
Ave
GreshamDivision St
PROPERTY HIGHLIGHTS
• .3 miles from Trimet MAX station
• Access from both Stark and 181st
• Located near signalized intersection
• Secured parking surface
• Store front and billboard signage on
Stark
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
18201 SE Stark St| Portland, OR 97233
Pro FormaRENT
17,500 SF @ $7 + Absolute Net* $122,500
EXPENSES
Paid by Tenant-Taxes-Insurance-Maintenance (Incl. Roof & Structure)-Utilities $0
RESERVES (For HVAC over $1,000)
2% $2,449
NOI $120,051
*Tenant responsible for up to $1,000 per year maintenance on HVAC units
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Additional Investment/Business Highlights
• Stark St. location is Happy Valley Children’s Garden’s new headquarter site
• Two locations in operation, looking to open a third location due to growing demand
• 150 kids enrolled at Stark St location in three months
• Licensed with the state of Oregon for 300 kids at this facility
• Anticipate full occupancy by August of 2018• Current revenues are 10x base rent after four
months, with the capacity to double revenues• Over 50 employees
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
18201 SE Stark St| Portland, OR 97233
RENT17,500 SF @ $7 + NNN $122,500
EXPENSESPaid by Tenant -Taxes -Insurance -Maintenance (Incl. Roof & Structure) -Utilities $0
RESERVES2% $2,449
NOI $120,051
Pro Forma
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
18201 SE Stark St| Portland, OR 97233
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
18201 SE Stark St| Portland, OR 97233
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
Niehaus Properties4800 SW Macadam Ave, Ste 135Portland, OR 97239
18201 SE Stark St| Portland, OR 97233
Disclaimer: The information shown has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine your satisfaction of the suitability of the property for your needs.
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