Net-Leased Bank
For Sale
Contact for pricing
1601 NE Weidler St, Portland, OR 97232
First-floor banking space has a net lease with tenant-paid operating expenses and residential condominiums above.
Property SizeContact for details
Days on Market144
Property Features for 1601 NE Weidler St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Peranich Huffman Net Lease Group Dallas
Listed By:
Nathan Huffman · License #TX 553697
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 8:11PM
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 Peranich Huffman Net Lease Group Dallas
Investment Insights
Based on property information with market context.
Built in 2005, the property includes a 5,438-square-foot storefront occupied by U.S. Bank on the first floor, with residential condominiums above. The commercial component is positioned alongside Uber and Legacy Health within the building. The space is leased on a net basis, with the tenant responsible for common area maintenance, landscaping, janitorial service, taxes, insurance, and utilities. Historical landlord expenses, including capital improvements, have also been reimbursed by the tenant.
Five years remain on the current lease term following a 15% rental rate increase in August 2020. The agreement includes four additional five-year renewal options. Renewal rent cannot fall below the prior year's rate and is established at 95% of Fair Market Value. The tenant is U.S. Bank National Association, the banking subsidiary of U.S. Bancorp, which carries an S&P rating of A+ and operates 3,106 branches in 25 states.
Five years remain on the current lease term following a 15% rental rate increase in August 2020. The agreement includes four additional five-year renewal options. Renewal rent cannot fall below the prior year's rate and is established at 95% of Fair Market Value. The tenant is U.S. Bank National Association, the banking subsidiary of U.S. Bancorp, which carries an S&P rating of A+ and operates 3,106 branches in 25 states.
Key Highlights
- 5,438‑square‑foot first‑floor storefront built in 2005
- U.S. Bank National Association tenant with S&P rating of A+
- Five years remain on the current lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,959
Businesses Nearby
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
NNN property - First-floor banking space has a net lease with tenant-paid operating expenses and residential condominiums above.
Where is this nnn property located?
The property is located at 1601 NE Weidler St Portland, OR.
What are key features of this property?
This property features: 5,438‑square‑foot first‑floor storefront built in 2005; U.S. Bank National Association tenant with S&P rating of A+; Five years remain on the current lease term
