Two-Tenant Reposition Opportunity

3550 NE Broadway,
Portland, CA 97232

Rare Portland NNN Opportunity

8.22%
CAP RATE
3,192
Building SF
$159,212
Current Rent
.91
Land Acres
NNN
Lease Type
14,364 VPD
Traffic Counts
8.22%
CAP RATE
3,192
Building SF
$159,212
Current Rent
.91
Land Acres
NNN
Lease Type
14,364 VPD
Traffic Counts

MARKET OVERVIEW

  • The Hollywood District of Portland, Oregon is a neighborhood located in the Northeast section of the city. It is known for its historic Hollywood Theatre, which was built in 1926 and is still in operation today. The neighborhood also features a variety of unique local businesses, including independent shops, restaurants, and cafes. The Hollywood Farmers Market is a popular destination for residents and visitors on Saturdays, offering fresh produce, baked goods, and other locally-made products. The area also has a diverse population and is home to many families, students, and young professionals. The Hollywood District is considered a walkable and bike-friendly neighborhood with access to public transportation and proximity to major roads, making it a convenient location for residents and visitors.
  • Although a mixed commercial and residential area, The Hollywood District serves primarily as a shopping district to the adjacent neighborhoods of Grant Park and Laurelhurst, as well as to riders of the MAX Light Rail System. Portland Fashion Institute is located in the Hollywood District. Founded in 2010, PFI focuses on design, technology and business connected to the fashion industry and is Oregon’s only accredited fashion design school.
  • The Hollywood District is known for its historic homes and buildings, many of which date back to the early 20th century. The area is also home to the Hollywood Theatre, a historic movie theater that has been in operation since 1926 and is now a non-profit organization that shows independent and classic films. The neighborhood has a vibrant commercial area along NE Sandy Blvd, where you can find a variety of shops, restaurants, bars, and coffee shops.
  • Overall, the Hollywood District is a unique and diverse neighborhood in Portland, it offers a mix of historic charm and modern amenities, making it a great place to live, work, and visit. It's a good option for people who appreciate the character of an older neighborhood and enjoy the convenience of being close to the city center.
  • Northeast Broadway is a prime location for quick service retail/restaurant. There are five national grocery stores, multiple national, regional and local retailers, restaurants, plus services including medical and dental within a 0.5-mile radius of the site. It is within walking distance to Portland.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
David Olsen
Vice President of Investments
(310) 339-2467
dave@essentialcre.com
CA 01975883