Lease Investment (PENDING)

3033 SE Monroe

TERMS

· DO NOT DISTURB TENANT

· Tours must be arranged through Listing Broker

· Call Listing Broker for price information

· 2017 NOI: $339,074.13

PROPERTY DESCRIPTION

· Free-standing, two-story Class C building

· 12,046 sf on 1.13 acre lot

· Single, long-term tenant  who built the building in 1998

Þ NW Primary Care was founded over 50 years ago and has seven locations in the Portland-metro area

Þ Current lease expires August 31, 2020

Þ Tenant has 10-year option to renew

· New HVAC in 2015 & 2016

· 31+ additional parking spaces leased  from adjacent property

DEMOGRAPHICS (Within one mile)

· Population:  13,249

· Median Income:  $57,043

· Median Age:  41

· Unemployment Rate:  4.35%

· Projected growth:  6.5% by 2022

· Homeowners:  51%

LOCATION

· Within 15 minutes to the CBD or I-205

· Hwy 224 is a 4-lane arterial expressway

· Average daily traffic count:  21,067

· Excellent visibility 

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