SOLD | 2301 Portland Rd, Newberg, OR 97132

Details

Price$1,586,000
Size5,707 SF
Acres0.52
ZoneC-2

Constructed in 1994 and currently leased to O’Reilly Auto Parts. O’Reilly Auto Parts has occupied the building since August 31, 2011 and effective May 1, 2025 O’Reilly committed to an 8 year lease term with (3) 5-yr options to renew.

O’Reilly Auto Parts operates over 6,400+ stores across the U.S., Puerto Rico, Mexico, and Canada . In 2024, it generated $16.7 billion in total revenue, marking a 5.7% year-over-year increase and continuing a 32-year streak of comparable store sales growth.

The property is located on Portland Rd, also known as Highway 99W, which is a main arterial route connecting the Southern Willamette Valley to Portland and passing directly through Newberg. This location benefits from consistent year-round traffic (~33,000 VPD) from both local commuters and regional travelers.

SMI Real Estate and Khari Gates, Broker Licensed in the State of Oregon and Ashley Offensend, Broker Licensed in the State of Oregon represented the Seller in this transaction.

KHARI GATES
BROKER
LICENSED IN THE STATES OF
OREGON & WASHINGTON

503.830.1118 CELL
khari@smire.com

ASHLEY OFFENSEND
BROKER
LICENSED IN THE STATE OF OREGON

415.710.4918 CELL
ashley.offensend@smire.com