March 28, 2023
NORRIS & STEVENS, INC. BROKERS $2M INVESTMENT SALE OF A BURGER KING DRIVE-THRU IN NEWBERG, OREGON
Alimony Holdings, LLC recently completed the $2,000,000 purchase of a Burger King drive-thru located at 2900 Portland Road in Newberg, Oregon.
Constructed in 1998 and renovated in 2008, the approximately 3,060 square foot dine-in restaurant includes a drive-thru and is ideally situated near Fred Meyer and Safeway. The single stack drive-thru is equipped with a large pylon sign and 46 surface parking spaces. Conveniently located with high visibility on Highway 99W, the property is within close proximity to TriMet bus lines.
Tim Budelman with Portland-based Norris & Stevens, Inc. represented both the Buyer and the Seller, The Helen Lopez Trust, in the transaction.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 5.9 million square feet of commercial space and 9,100 apartment units.