3137-3139 & 3211 NE 82nd Avenue
FULLY LEASED | RECENTLY RENOVATED | PRIME COMMERCIAL CORRIDOR
About Property
Listing Details
- Asking Price $2,582,000
- Cap Rate 8.44%
- Asking Price/RSF $409.19
- Total Net Rentable Area 6,310 RSF
- Acreage 0.53 AC
- Occupancy 100%
- Buildings 2 Buildings with 3 Production Kitchens
- Total Land Area 0.53 AC / 23,250 Sq Ft Lot
- Parking Spaces +/- 25
- Food Cart Area Accommodates 3 Carts
- Location 3137 & 3211 82nd Avenue, Portland, Oregon 97220
North Rim is pleased to present this exceptional, fully leased NNN investment opportunity strategically located along Portland's prominent NE 82nd Avenue corridor. Situated on a generous 0.53-acre parcel, the property features two thoughtfully redeveloped buildings comprising approximately 6,310 rentable square feet and is fully occupied by established tenants under long-term NNN leases.
The property offers a highly functional and distinctive layout, including three state-of-the-art production kitchens, as well as a dedicated food cart pod area complete with utility infrastructure and covered dining space designed to accommodate three food carts. Approximately 25 on-site parking spaces further enhance accessibility and tenant convenience.
Conscientiously redeveloped and professionally managed by a reputable local company, the asset has been meticulously maintained and presents investors with a rare opportunity to acquire a stabilized, income-producing property with strong in-place cash flow and minimal landlord responsibilities.
Investment Highlights
Site Plans
Tenants
The property is 100% leased with long-term NNN agreements in place, providing stable and predictable cash flow. The diverse tenant roster includes TKMM, LLC, Taqueria Mexa, Feed'ed Freedom Foundation, and Classic Shawarma, offering investors the security of established occupancy and a complementary mix of food production, restaurant, and community-oriented uses.
Location Overview
Situated along Portland's prominent NE 82nd Avenue corridor, 3137-3139 NE 82nd Ave. benefits from exceptional visibility and accessibility in one of East Portland's most active commercial districts. The property is strategically positioned within a dense residential trade area and serves a diverse, growing population that supports strong demand for food, beverage, and service-oriented businesses.
Investment Appeal
The NE 82nd Avenue corridor has emerged as an increasingly desirable destination for food entrepreneurs, commissary kitchen operators, and local restaurateurs seeking affordable, centrally located production space with excellent access to the greater Portland metro area. The property's proximity to major transportation routes, including Interstate 84 and Portland International Airport, provides efficient distribution and delivery capabilities, making it particularly attractive for catering companies, food manufacturers, and delivery-focused concepts.
Food & Beverage Hub
East Portland has developed into a vibrant culinary destination known for its diverse, multicultural food scene and entrepreneurial spirit. The surrounding neighborhoods generate consistent consumer demand for unique dining experiences, creating an ideal environment for production kitchens and food cart operators. The property's specialized infrastructure—including state-of-the-art commercial kitchens and dedicated food cart spaces—positions it to capitalize on the continued growth of Portland's food cart culture and the increasing demand for flexible, lower-cost food production facilities.
Long-Term Growth Potential
As investment and redevelopment continue along the NE 82nd Avenue corridor, the area is experiencing renewed commercial activity and increasing investor interest. The property's unique combination of production kitchens, food cart infrastructure, and ample parking creates a highly differentiated asset with multiple revenue streams and limited direct competition, offering investors a compelling opportunity to participate in one of Portland's evolving commercial corridors.
| Population | Average Household Income | Median Age | Traffic Count (at NE 82nd and Russell) |
|---|---|---|---|
| 16,984 | $111,910 | 41.3 | 20,273 |
