Wendy's & Chipotle - Leasehold

Wendy's & Chipotle

9687 NE Cascades Pkwy, Portland, OR 97220

2-Tenant Retail Pad | Target & IKEA Outparcel. The Chipotle lease expires March 2029, with 2 (5-Year) options. Wendy's lease expires October 2033, with 1 (5-Year) option.

Price
$2,631,000
Cap Rate
6.75%
Building Size
5,116 SF
Lot Size
0.93 Acres
Year Built
2013
Sale Type
Investment
Feature 1 Value 1
Location Strong Sales for both Chipotle & Wendy’s
Ownership Leasehold (Building Ownership)

Key Features

  • Fully Leased Two-Tenant Retail Property | Leasehold Interest Corporate-Backed Tenants
  • Recent Extensions | Strong Sales
  • Prime Location | Excellent Visibility and Accessibility
  • Opportunity to acquire the sub-leasehold interest in the underlying land, subject to a ground lease with Target that runs through 2042
  • Situated at Cascade Station Pad in Portland, Oregon, a premier retail corridor and mixed-use destination.

Property Location