Description
• 16,893 SF retail condo in Portland’s Pearl District, 100% leased to 4 tenants• All tenants operate on a NNN lease structure with annual scheduled rent increases provided by 2 of the 4 tenants• Chase Bank occupies the largest percentage of space at 33%, and has operated at this location for 15 years with a brand new 5-year extension• Additional tenants include The Aesthetic Experience (new 10-year lease), Hosmer Chiro Health (15+ years at this location), and Barre3 (17+ years at this location)• Tenancy is exclusively service-based and appointment-driven: banking, aesthetics/wellness, chiropractic, and fitness• Part of The Blocks mixed-use portfolio (10 buildings; ~94,000+ SF retail)• Supported by ~1,200 nearby residential condo units and strong walkable density