- For Sale $790,000
- Property Type Retail
- Property Size 1,853 SF
- Lot Size 0.34 Acre
- Cap Rate % 7
- NOI / YR $54,131.00
- Year Built 1966
- Year Renovated 2006
- Date Updated Sep 9, 2026
Description
CBRE, Inc. is pleased to present the exclusive offering of Subway-82nd Avenue, a single-tenant restaurant strategically situated at the
high-profile intersection of 82nd Avenue and Siskyou Street in Portland, Oregon. This exceptional opportunity, located within an Opportunity Zone,
benefits from a drive-thru, outstanding visibility, and a daily traffic count of approximately 26,000 vehicles. Positioned directly across from the vibrant
15 acrea recreational hub known as Glenhaven Park andMcDaniel High School with a student body of 1,650 students. The Tenant, a franchised Subway
has occupied the building since 2010. Operating under an NNN lease with 3% annual increases. The current lease is set to expire February 28, 2027.
The Tenant has a 5 year option to be exercised in August of 2026 at FMV. 3103 NE 82nd offers a compelling investment, offering the recognition of
a national brand, a prime corner lot location in a densely populated area exceeding 150,000 residents within a three-mile radius and the potential for
future upside through amendment of lease terms and rent.
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