Portland, OR - United Rentals
$4,783,000
4000 NE Columbia Blvd, Portland, OR 97211
6.75
Cap Rate
322,875
NOI
Details:
Description:
• The tenant currently has 4 years remaining on their lease term with 3 (5-year) options to extend
• The lease features 2.5% annual rental increases during the initial term and option periods, growing NOI and hedging against inflation
• United Rentals, Inc. is the largest equipment rental company in the world with 1,465 rental locations in North America
• The asset is positioned in between two major retail roads which include NE. Columbia Blvd and U.S. Hwy 30B BYP. which both average a combined 59,300 vehicles passing by daily
• The property is located in an dense corridor, that includes tenants such as FedEx, Waste Management, Public Storage, Walgreens, Arctic, and many more
Location
Gallery
