Multi-Tenant Retail
For Sale
Contact for pricing
Pending
12112 NE Glisan Street, Portland, OR 97220
Established retail center with multiple pads, inline space, and triple-net leases.
Property Size43,884 SF
Days on Market145
Property Features for 12112 NE Glisan Street
General Information
Standard status
Pending
Size
43,884 SF
Property subtype
Retail
Occupancy
96%
Additional Details
Cap Rate
7%
Building Details
Year Built
1998
Buildings
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Brendan Powell · License #OR 201002133
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 9:46PM
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 Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Glisan Street Station is a 43,884-square-foot shopping center comprising three retail pads and an inline multi-tenant building. The property was developed in 1998 and is 96 percent leased. Tenants occupy the premises under true triple-net lease structures, with reimbursements for their pro-rata shares of taxes, insurance, and common area maintenance.
The center fronts Northeast 122nd Avenue and Northeast Glisan Street in Portland, Oregon. It is adjacent to a 117,500-square-foot office building occupied by the Oregon Department of Human Services. Tenant retention is reflected in the occupancy history: 68 percent of tenants have operated from the property for at least seven years, and half of that group has remained for 20 years. Existing leases include fixed annual rent increases, and the reported cap rate is 7.00 percent.
The center fronts Northeast 122nd Avenue and Northeast Glisan Street in Portland, Oregon. It is adjacent to a 117,500-square-foot office building occupied by the Oregon Department of Human Services. Tenant retention is reflected in the occupancy history: 68 percent of tenants have operated from the property for at least seven years, and half of that group has remained for 20 years. Existing leases include fixed annual rent increases, and the reported cap rate is 7.00 percent.
Key Highlights
- 43,884‑square‑foot shopping center developed in 1998
- Three retail pads plus an inline multi‑tenant building
- 96 percent leased with true triple‑net lease structures
Property Analytics
Current Use
Lease Details
96%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with multiple pads, inline space, and triple-net leases.
Where is this shopping center located?
The property is located at 12112 NE Glisan Street Portland, OR.
What are key features of this property?
This property features: 43,884‑square‑foot shopping center developed in 1998; Three retail pads plus an inline multi‑tenant building; 96 percent leased with true triple‑net lease structures
