Retail Space - For Sale
2506 Southeast Burnside Road Gresham, OR 97080
Details & Description
Price: $7,143,000
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.560
  • Building Sq Ft 68,008
  • Building Price per Sq Ft $105.03
  • Land Sq Ft 67,953
  • Land Price per Sq Ft $105.12
The lease features a new 20-year ground lease with 10% rental increases every 5 years, as well as seven 5-year options to extend the lease after the primary term. The ground lease nature affords an investor zero Landlord maintenance or expense obligations, making this an ideal passive investment. The lease is signed by Chick-fil-A corporate, the nation’s top fast food chain 3 years in a row with more than $13.7 billion in total sales in FY2020.The subject property is a new construction outparcel to a successful neighborhood shopping center. The site is positioned on the hard corner and bounded by two busy thoroughfares totaling nearly 53,000 combined vehicles per day (VPD), with multiple ingress and egress points from both streets. The property includes a double-lane drive thru and 97 parking spaces to accommodate demand. The restaurant faces SE Burnside road and enjoys excellent street frontage.The property is located in one of the two primary retail nodes in Gresham, just 15 minutes from Portland. It is surrounded by the primary grocers in the region - Fred Meyer, Safeway, Walmart Neighborhood Market, and Winco. The City of Gresham is experiencing tremendous population and economic growth in recent years, as Portland residents and businesses move east to capture affordability and space. The city’s proximity to Mount Hood also brings an enormous amount of activity to the trade area.
Listing Agents
John Andreini
Capital Pacific
O: 415-274-2715
jandreini@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2506 Southeast Burnside Road

Gresham, OR 97080

Listing ID: 259444
$7,143,000
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.560
  • Building Sq Ft 68,008
  • Building Price per Sq Ft $105.03
  • Land Sq Ft 67,953
  • Land Price per Sq Ft $105.12
  • 2506 Southeast Burnside Road Gresham, OR 97080 | for Sale | Photo 1
  • 2506 Southeast Burnside Road Gresham, OR 97080 | for Sale | Photo 2
2506 Southeast Burnside Road | for Sale | Thumbnail 1
2506 Southeast Burnside Road | for Sale | Thumbnail 2
Description

The lease features a new 20-year ground lease with 10% rental increases every 5 years, as well as seven 5-year options to extend the lease after the primary term. The ground lease nature affords an investor zero Landlord maintenance or expense obligations, making this an ideal passive investment. The lease is signed by Chick-fil-A corporate, the nation’s top fast food chain 3 years in a row with more than $13.7 billion in total sales in FY2020.

The subject property is a new construction outparcel to a successful neighborhood shopping center. The site is positioned on the hard corner and bounded by two busy thoroughfares totaling nearly 53,000 combined vehicles per day (VPD), with multiple ingress and egress points from both streets. The property includes a double-lane drive thru and 97 parking spaces to accommodate demand. The restaurant faces SE Burnside road and enjoys excellent street frontage.

The property is located in one of the two primary retail nodes in Gresham, just 15 minutes from Portland. It is surrounded by the primary grocers in the region - Fred Meyer, Safeway, Walmart Neighborhood Market, and Winco. The City of Gresham is experiencing tremendous population and economic growth in recent years, as Portland residents and businesses move east to capture affordability and space. The city’s proximity to Mount Hood also brings an enormous amount of activity to the trade area.

Attachments & Files

Listing Demographics for 2506 Southeast Burnside Road Gresham, OR 97080

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population18,06992,472174,882
Population Median Age363738
Population by Age0-9 Yrs2511 (13%)12255 (13%)23153 (13%)
10-19 Yrs2486 (13%)12081 (13%)23037 (13%)
20-29 Yrs2851 (15%)12662 (13%)23347 (13%)
30-39 Yrs2600 (14%)13416 (14%)25937 (14%)
40-49 Yrs2313 (12%)12272 (13%)22455 (12%)
50-59 Yrs2150 (11%)11617 (12%)22821 (13%)
60-69 Yrs1681 (9%)10208 (11%)19007 (10%)
70+ Yrs1477 (8%)7961 (8%)15127 (8%)
Median HH Income$51,374$62,350$58,104
Total Household Income< 24K1332 (20%)5394 (16%)11600 (18%)
25-49K1807 (27%)7516 (22%)14744 (23%)
50-74K1435 (22%)6385 (19%)11844 (19%)
75-99K812 (12%)4696 (14%)8168 (13%)
100-199K976 (15%)7959 (24%)13446 (21%)
200K+105 (1%)1177 (3%)2161 (3%)
Highest Education LevelNo Diploma1926694616341
Diploma or GED34011633331533
Some College30161693532872
Assoc. Degree1217689011545
Bachelors Degree12681002617312
Higher Degree84147558167
Total Housing Units6,89335,04465,861
--Owner-Occupied3,14019,39536,449
--Renter-Occupied3,32613,73125,513
Owner-Occupied Values< 100K44815243047
100-199K50517853972
200-299K1071625111752
300-399K756626010955
400-499K23822363692
500K+12313393031
Total Working Age Population13,96372,441136,875
In Work Force9,36348,88189,680
Not In Work Force4,59923,56147,195
Workforce Employed8,85546,26084,347
Workforce Unemployed5022,5915,247
Civlian Workforce9,35848,85189,594
Military Workforce63086
Total Households6,46633,12661,962
Family Households4,21022,14541,794
Non-Family Households2,25710,98120,169
Married Couple2,78116,34529,891
Other Family1,4295,80011,903
Married w/Child1,2347,13312,760
Single Male w/Child2909741,805
Single Female w/Child5462,0134,685

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oregon3,421,399+123,831,074+114,264,810+114,727,438
Clackamas County338,391+11375,992+14428,860+14490,011
Multnomah County660,486+11735,334+12822,675+10906,904
Washington5,894,121+146,724,540+147,638,415+118,503,178
Clark County345,238+23425,363+17499,400+16576,879

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Portland International Airport (PDX) 11
Seattle Tacoma International Airport (SEA) 135
Boeing Field King County International Airport (BFI) 141
Listing Agent
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