This fully occupied, three-tenant retail center presents a stabilized investment opportunity in one of Portland’s most high-income neighborhoods. Each tenant operates under a passive NNN lease structure with built-in rental increases, offering investors secure income with minimal management responsibilities.
The Property benefits from a rare off-street parking lot with approximately 20 dedicated spaces—an uncommon amenity in this dense urban corridor. Positioned along SE Division Street, a key arterial with over 18,000 vehicles per day, the site enjoys excellent visibility and accessibility. The surrounding area boasts an ultra-low retail vacancy rate of less than 2% within a one-mile radius, underscoring strong tenant demand.
Backed by recent capital improvements, including a new TPO roof installed in December 2023, the asset is well-positioned for long-term durability. The Mount Tabor neighborhood features exceptional demographics, with average household incomes exceeding $147,000 within a half-mile and median home values of approximately $800,000—approximately 87% above the national median—reflecting the area’s affluence and desirability.