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240 NW Burnside Rd
Gresham, OR 97030 Downtown Gresham

Price Upon Request

Restaurant For Sale  •  8,754 SF

Property Details

• Property Type Restaurant
• Total Building Size 9,165 SF
• Lot Size 0.45 AC
• Building Class B
• Year Built 1973
• Tenancy Single
• Zoning DCL

60 Transit Score

60 Walk Score

Highlights

Red Lobster; Single-Tenant Absolute NNN

The world’s largest seafood casual dining chain, with 545 U.S. locations across 44 states and four Canadian provinces

35-year operating history at this location (since 1991); executed a new 15-year lease in 2021, with 10 years remaining on the current term

Renovated in 2023

Strong reported gross sales; ranks near the top in chain performance

2% annual rent increases

Major Tenants

Tenant	SF Occupied	Lease End Date
Red Lobster

Amenities

• Signage

Public Transportation

Transit/Subway	Drive	Walk	Distance
Gresham City Hall (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	2 min	7 min	0.4 mi
Gresham Central Transit Center (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	2 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Portland International	22 min	-	13.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	250
Type:	Surface
Included in Rent:	Yes