Retail Storefront with
New
For Sale
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14617 SE Mcloughlin Blvd, Portland, OR 97267
A 2013-built retail facility offers an absolute NNN lease structure with more than seven years remaining.
Property Size14,550 SF
Lot Size1.43 Acres
Price / SF$309.28
Days on Market7
Property Features for 14617 SE Mcloughlin Blvd
General Information
Standard status
Active
Size
14,550 SF
Lot size
1.43 Acres
Property subtype
Retail
Building Details
Year Built
2013
Listing Agency:
NNNet Advisors San Francisco
Listed By:
Geoffrey Faulkner · License #CA 1745351
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 13 at 8:08AM
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 NNNet Advisors San Francisco
Investment Insights
Based on property information with market context.
The property includes a 14,550-square-foot retail building on approximately 1.43 acres. Constructed in 2013, the asset is subject to an absolute NNN structure, with Walgreens providing a corporate guarantee and Dollar Tree occupying the premises under a sublease. More than 7 years remain on the current term.
Positioned at 14617 SE McLoughlin Blvd in Portland, the storefront benefits from reported average daily traffic exceeding 26,000 cars. The property combines an established retail building, a corporate lease guarantee, and a subtenant arrangement within a single commercial asset.
Positioned at 14617 SE McLoughlin Blvd in Portland, the storefront benefits from reported average daily traffic exceeding 26,000 cars. The property combines an established retail building, a corporate lease guarantee, and a subtenant arrangement within a single commercial asset.
Key Highlights
- 14,550 SF retail building on approximately 1.43 acres
- Absolute NNN investment with over 7 years remaining
- Corporately guaranteed by Walgreens and subleased to Dollar Tree
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$169,580
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,391,600
$3.4M
Cap Rate 7%
$2,422,571
$2.4M
Cap Rate 9%
$1,884,222
$1.9M
Market Conditions
NOI Build-Up for 14,550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$261.9K $18.00/SF
− Vacancy
−$19.6K −$1.35/SF
EGI
$242.3K $16.65/SF
− OpEx
−$72.7K −$5.00/SF
NOI
$169.6K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,391,600
Cap Rate 7%
$2,422,571
Cap Rate 9%
$1,884,222
Alternative Uses
Best Use
Retail
$2.42M
$2.12M – $2.83M
NOI $169,580 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,020 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97267, OR
31,851
Population
12,983
Households
2.5
Avg Household Size
45
Median Age
35%
College-Educated
93%
High-School Grad
7.2 sq mi
ZIP Area
4,424
Density / Sq Mi
$85,178
Median Household Income
$47,236
Median Earnings
$1,607
Median Rent
$489,100
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Storefront property - A 2013-built retail facility offers an absolute NNN lease structure with more than seven years remaining.
Where is this storefront property located?
The property is located at 14617 SE Mcloughlin Blvd Portland, OR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 14,550 SF retail building on approximately 1.43 acres; Absolute NNN investment with over 7 years remaining; Corporately guaranteed by Walgreens and subleased to Dollar Tree
