10205 SW Washington Square Rd - Restaurant FOR SALE


Portland, OR 97223
$6,615,000 USD
404-441-3849
10205 SW Washington Square Rd, Portland, OR for Sale
$6,615,000 USD
Restaurant - FOR SALE
1/14
null | 5.75% Cap Rate

10205 SW Washington Square Rd
Portland, OR 97223


HIGHLIGHTS

  • Recently-Extended Net Lease | ±10.9 Years of Term Remaining | 10% Rent Increase in 2031 & in Each of the Two, 5-Year Renewal Options
  • Original Location with Excellent Performance | Maintained a Rent-to-Sales Ratio Below 5.0%
  • Excellent Access & Visibility | SW Greenburg Road (11,297 VPD) | SW Beaverton Tigard Freeway (107,854 VPD)
  • Outparcel to the 1.3 MSF Washington Square Center | 1.7M visitors across 5.2M visits over the past 12 months (Placer.ai)
  • Over 5,720 Households & 2,460 Multifamily Units Within 1 Mile
  • Less Than 7 Miles from Downtown Portland | Portland, OR MSA (MSA Population: 2.59M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 7,125-square-foot Thirsty Lion Gastropub situated on 2.75 acres in Portland, OR (MSA Population: 2.59M+). Previously set to expire in 2030, Thirsty Lion’s net lease was recently extended for an additional 5 years years through 2035 and now features ±10.9 years of term remaining with a 10% increase in 2031 and in each of the two 5-year renewal options. The subject property is the original Thirsty Lion Gastropub that fueled the concept’s expansion to now include 13 locations throughout Arizona (5), Colorado (1), Oregon (2) and Texas (5).

FOR SALE DETAILS

PRICE

$6,615,000 USD

PRICE/SF

$974 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Thirsty Lion Gastropub

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

199

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,621 SF

ZONING

-

APN/PARCEL ID

R0273288

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.