ESTABLISHED DELI AND VIDEO LOTTERY BUSINESS WITH DUAL COMMERCIAL REAL ESTATE PORTFOLIO
This comprehensive acquisition opportunity in Fairview, Oregon presents an established deli and video lottery operation combined with two adjacent commercial properties, offering both operational income and investment returns.
BUSINESS OPERATIONS
Fairview Deli operates as an established neighborhood food service establishment specializing in prepared foods, deli selections, Korean cuisine, beverages, and video lottery services. The business maintains four Oregon Video Lottery terminals and holds established market position within the local community. Operations are conducted from a 1,200 square foot freestanding facility positioned on 0.24 acres at 1606 NE 223rd Avenue.
REAL ESTATE PORTFOLIO
The acquisition includes two adjacent commercial properties totaling approximately 4,000 square feet of building space on 0.37 acres. The primary property houses the deli operations, while the secondary property at 1610 NE 223rd Avenue contains a 2,800 square foot convenience store facility on 0.13 acres.
INVESTMENT INCOME COMPONENT
The convenience store property generates stable rental income through an established tenant, 365 Convenience Store. Current lease terms provide $4,500 monthly rent ($54,000 annually) with lease expiration June 30, 2028, including a five-year renewal option at fair market value. The tenant assumes responsibility for property taxes, utilities, and premises insurance under net lease structure.
LICENSING AND REGULATORY CONSIDERATIONS
Video lottery and liquor operations require buyer qualification and approval through Oregon Lottery and OLCC. Existing licenses do not automatically transfer and must be obtained through proper regulatory channels.
PROPERTY SPECIFICATIONS
- Town Center Commercial (TCC) zoning designation
- Surface parking facilities
- Commercial signage capabilities
- High street visibility and accessibility
- Established neighborhood market presence
INVESTMENT HIGHLIGHTS
- Dual revenue streams: operational business and rental income
- Real estate ownership eliminates lease obligations
- Established customer base and market position
- Expansion opportunities for food service and merchandising programs
- Long-term appreciation potential through property ownership
- Strategic repositioning possibilities subject to municipal approvals
This opportunity appeals particularly to experienced operators in food service, convenience retail, or lottery gaming sectors seeking real estate ownership combined with operational control and investment income diversification.
Asking Price: $1,750,000
Financial documentation available to qualified buyers upon execution of confidentiality agreement. Proof of funds or financing pre-qualification may be required prior to disclosure of confidential business information. Direct contact with business, tenant, or employees prohibited; all inquiries must be directed through listing broker.
Ad#:2542036
