10415 Southeast Main Street, Milwaukie, OR for sale

Investment Overview

10415 SE Main St offers a rare covered-land investment opportunity in the heart of Historic Downtown Milwaukie. The site is improved with an existing drive-thru building leased to a credit tenant on an absolute NNN basis through 4/30/2027, delivering secure, management-free income while preserving long-term redevelopment upside. Favorable DMU zoning supports flexible commercial and mixed-use reuse at lease expiration, positioning the property for value-add investors targeting both near-term cash flow and future development potential in a rapidly reinvesting downtown corridor.

Investment Highlights

• NNN lease to investment-grade tenant through 4/30/2027 — low-maintenance, in-place income
• Redevelopment upside via DMU zoning, supporting future commercial or mixed-use build-out
• Located in Historic Downtown Milwaukie's main commercial corridor
• Convenient access to Hwy 99E and the Milwaukie/Main Street MAX Orange Line station