- For Sale $4,190,000
- Property Type Retail
- Property Size 5,522 SF
- Lot Size 0.68 Acre
- Year Built 1968
- Date Updated Nov 4, 2026
Description
Brand New Long-Term (20-Year) Absolute NNN Ground Lease - Opening June 2026
Absolute NNN Lease Structure - No Landlord Responsibilities Whatsoever - Tenant is responsible for all property expenses including: CAM, taxes, insurance, and roof & structure
Top Tier Tenant (The Kroger Co.) / S&P Credit Rated BBB - The Kroger Co. corporately guarantees the full term and options of the lease, providing the investor with long-term security and stability
#2 Grocery Brand in the United States - The Kroger Co. Annual Revenue: Over $145 billion, making it one of the largest grocers in the U.S., with approximately 2,700+ supermarkets nationwide., and position as the #2 traditional grocer in the U.S. behind Walmart.
Excellent Frontage and Visibility along Heavily Travelled Hwy 212 (39,672 VPD) within one of Clackamas County’s primary retail and commuter corridors
Located in Heart of the Affluent Portland MSA / Dense Infill Location - Over 213,823 permanent residents live within a 5-mile radius of the Subject Property, with an average household income of nearly $120k
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Contacts
BLVD Real Estate Investment
BLVD Real Estate Investment