706-710 SE 6th Ave - Storefront Retail/Office FOR SALE


Portland, OR 97214- Central Eastside
$3,450,000 USD
503-205-0610
706-710 SE 6th Ave, Portland, OR for Sale
$3,450,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 9.47% Cap Rate

706-710 SE 6th Ave
Portland, OR 97214
Central Eastside


HIGHLIGHTS

  • 10 years of WALT and 3% annual rent increases
  • Comprehensive renovation in 2015, including MEP, roof, elevator, and HVAC
  • teel-reinforced concrete construction designed to support additional stories
  • Demonstrated operator performance and long tenure
  • Multiple demand channels and daypart activation

OVERVIEW

706-710 SE 6th Avenue presents the opportunity to acquire a fully leased, two-tenant retail investment occupied by Loyal Legion and The Evergreen, two established hospitality operators that have each occupied the property for approximately ten years and recently executed new 10-year lease renewals. The leases provide stable cash flow, 3.00% annual rent increases, and a weighted average lease term (WALT) of approximately 10 years, significantly reducing near-term rollover risk. Originally constructed in 1908 for the Independent Order of Odd Fellows and comprehensively restored in 2015, the building combines historic character with modern functionality. Original maple hardwood floors, soaring ceilings, and exposed structural elements create an irreplaceable venue that would be difficult to replicate today. Loyal Legion's steady daily traffic complements The Evergreen's event-driven business, creating consistent activity throughout the day, evening, and weekends. Together with proven tenant performance and long-term contractual income, 706-710 SE 6th Avenue offers investors a compelling combination of durable cash flow and a distinctive historic asset.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

9.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loyal Legion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

se alder street

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

EX

APN/PARCEL ID

R150227

ASK ABOUT THIS PROPERTY

Brian HansonEthos Commercial Advisors LLCMore Info
503-205-0610

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Brian HansonEthos Commercial Advisors LLCMore Info
503-205-0610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.