Leased Retail Condo
For Sale
Contact for pricing
1015 NW Lovejoy St, Portland, OR 97209
16,893 SF retail condo is 100% leased to four tenants on NNN terms with scheduled annual rent increases.
Property Size16,893 SF
Price / SF$512.64
Days on Market167
Property Features for 1015 NW Lovejoy St
General Information
Standard status
Active
Size
16,893 SF
Class
A
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$584,522
Building Details
Year Built
2007
Units
4
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Kevin Adatto · License #WA 85667
(503) 998-6572
Source:
Crexi
Added: Mar 25
Changed: Sep 4
Last Checked: Sep 7 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
This offering is a 16,893 SF retail condo in Portland’s Pearl District, delivered 100% leased to four service-based, appointment-driven tenants. The property is structured on NNN leases, with annual scheduled rent increases provided by two of the four tenants. Chase Bank occupies the largest portion of the space at 33%, and has operated at the location for 15 years with a brand new 5-year extension. Additional tenants include The Aesthetic Experience on a new 10-year lease, Hosmer Chiro Health with 15+ years at the location, and Barre3 with 17+ years at the location.
The property is part of The Blocks mixed-use portfolio, consisting of 10 buildings and approximately 94,000+ SF of retail. It is supported by roughly 1,200 nearby residential condo units and strong walkable density. The address is 1015 NW Lovejoy St, Portland, OR 97209.
The property is part of The Blocks mixed-use portfolio, consisting of 10 buildings and approximately 94,000+ SF of retail. It is supported by roughly 1,200 nearby residential condo units and strong walkable density. The address is 1015 NW Lovejoy St, Portland, OR 97209.
Key Highlights
- 16,893 SF retail condo in Portland’s Pearl District built in 2007
- 100% leased to 4 tenants on NNN lease structure with scheduled annual rent increases
- Chase Bank occupies 33% of the space and has operated at the location for 15 years with a new 5‑year extension
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 16,893 SF retail condo is 100% leased to four tenants on NNN terms with scheduled annual rent increases.
Where is this retail space located?
The property is located at 1015 NW Lovejoy St Portland, OR.
What is the asking price?
The asking price for this property is $8,660,000.
What are key features of this property?
This property features: 16,893 SF retail condo in Portland’s Pearl District built in 2007; 100% leased to 4 tenants on NNN lease structure with scheduled annual rent increases; Chase Bank occupies 33% of the space and has operated at the location for 15 years with a new 5‑year extension
