2714 N Lombard St Portland, OR 97217

Listing agency Fulcrum Pacific

Listed by Nick Bushong · License #OR 201209786

Source Crexi

Added: Apr 12 Updated: Jul 21 at 6:53AM Checked: Jul 21 at 6:53AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap offers for sale a fee simple interest in a net-leased JPMorgan Chase Bank property on a NNN lease structure. The bank occupies the building under long-term tenancy dating to 2003, with the tenant having exercised renewal options, and a recently executed 5-year renewal extending the current term through 2028. The lease also includes an additional 5-year option with a 10% rent increase.

The property is located in the Arbor Lodge neighborhood of North Portland and is positioned on N. Lombard Street (also known as U.S. 30 Bypass). It is less than a mile from I-5, and the street underwent significant improvements in the prior year at a cost over $16 million focused on safety and travel time.

Key Highlights

• Fee simple ownership of a net‑leased JPMorgan Chase Bank branch on a NNN lease
• JPMorgan Chase executed a 5‑year renewal extending the lease term through 2028
• Chase has occupied the 2,940 SF property since 2003 and has exercised every renewal option

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FAQs

What type of property is this?

NNN property - Fee simple interest in a net-leased JPMorgan Chase Bank branch on a NNN lease with a term extending through 2028.

Where is this nnn property located?

The property is located at 2714 N Lombard St Portland, OR.

What are key features of this property?

This property features: Fee simple ownership of a net‑leased JPMorgan Chase Bank branch on a NNN lease; JPMorgan Chase executed a 5‑year renewal extending the lease term through 2028; Chase has occupied the 2,940 SF property since 2003 and has exercised every renewal option