NNN Retail Storefront with Independent
2123 Southeast Division Street, Portland, OR 97214
For Lease
$25 SF/Yr NNN
Retail storefront for lease with a tenant-controlled water/electric meter, autonomous HVAC, and NNN structure.
Space SizeContact for details
Days on Market143
Property Features for 2123 Southeast Division Street
General Information
Standard status
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Listing Agency:
eXp Commercial | Washington
Listed By:
Nancy Dong · License OR #22019793
(360) 608-1594
Source:
Expcommercial
Added: Jun 22
Changed: Oct 26
Last Checked: Nov 10 at 5:01AM
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 eXp Commercial | Washington
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
2123 Southeast Division Street offers a retail storefront space built on a basic shell designed for straightforward tenant buildout. The lease is structured as NNN and includes tenant autonomy for water/electricity with the tenant’s own meter, along with an autonomous HVAC system already in place. A 3-year minimum lease term applies, and the landlord offers a tenant improvement (TI) credit for 5+ year terms.
The space includes 2 assigned parking spaces, with an additional handicapped space shared with a neighboring tenant. The location is adjacent to a dispensary, supporting a retail setting with regular walk-in activity from surrounding uses.
This layout and improvement package is well suited for a range of retail and service users, including wellness, salon, food, pet, vintage, and specialty boutique concepts. Operators will appreciate the independent utilities and HVAC for day-to-day control, while the ready-to-build shell supports efficient customization to match their brand and service needs.
The space includes 2 assigned parking spaces, with an additional handicapped space shared with a neighboring tenant. The location is adjacent to a dispensary, supporting a retail setting with regular walk-in activity from surrounding uses.
This layout and improvement package is well suited for a range of retail and service users, including wellness, salon, food, pet, vintage, and specialty boutique concepts. Operators will appreciate the independent utilities and HVAC for day-to-day control, while the ready-to-build shell supports efficient customization to match their brand and service needs.
Key Highlights
- $25/SF base rent plus $5.85 NNN/CAM; 2 assigned parking spaces plus shared handicapped space
- NNN lease structure with tenant‑controlled water/electricity meter
- Autonomous HVAC system for tenant control
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,534
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Portland, OR
$25.95 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
14,484 SF
Avg Space Size
This space is priced 4% below the average of $25.95 /SF/Yr.
Properties on Market for Storefront properties in Portland
Vacancy Rate% for Retail in Portland, OR
Similar Off Market Nearby
- The Chateau Florist & Boutique — 2475 SE 30th Ave Suite 103, Portland, OR 97214
- knot & fern — 911 SE Salmon St, Portland, OR 97214, United States
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront for lease with a tenant-controlled water/electric meter, autonomous HVAC, and NNN structure.
Where is this storefront property located?
The property is located at 2123 Southeast Division Street Portland, OR.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: $25/SF base rent plus $5.85 NNN/CAM; 2 assigned parking spaces plus shared handicapped space; NNN lease structure with tenant‑controlled water/electricity meter; Autonomous HVAC system for tenant control
