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27335542
27335543

2100 N Hayden Island Drive, Portland, OR 97217

EG
OR 201235586
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland
$7,200,000
243 days on market
Updated 57 days ago

Jantzen Beach Retail Box

Details
APN R239726, R239727
Property Type Retail
Sub Type Storefront
Square Footage 37,577
Net Rentable (SqFt) 37,577
Units 1
Tenancy Single
Pro-Forma Cap Rate 7.30%
Pro-Forma NOI $526,078
Price per SqFt $192
Broker Co-Op Yes
Class B
Year Built 2004
Stories 1
Acreage 1.700
Investment Type Owner/User
Ownership Fee Simple

High Quality Single Tenant Retail Property

Marketing description

MARCUS & MILLICHAP’S THE GARSKE GROUP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET THE NW RUGS BUILDING, a premier owner/user opportunity on Hayden Island, one of Portland’s most strategically positioned retail corridors. The property consists of a 37,577 SF building situated on 1.70 acres across two parcels, providing ample space for a wide range of commercial uses. Originally built in 2004, the asset benefits from modern construction and flexible CE zoning, which allows for a variety of retail, service, and commercial applications. Its generous site and layout deliver excellent visibility, onsite parking, and adaptability for new ownership or redevelopment. Positioned among a strong mix of national retailers including Target, Home Depot, Dick’s Sporting Goods, and Best Buy, the site draws steady consumer traffic and regional shopping activity. Located directly on the Columbia River, Hayden Island offers direct connectivity to both Portland and Vancouver via I-5, while remaining just minutes from Portland International Airport. This high profile location provides both local and regional reach, supported by its unique position at the Oregon-Washington border and strong retail synergy from surrounding tenants. The offering represents a rare chance to secure a large format retail building in a vibrant, high-demand trade area.

Investment highlights

High Barrier to Entry Market

Below Replacement Cost

Premier Retail Location Adjacent to Jantzen Beach Shopping Center

Listing Contacts

EG
OR 201235586
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland

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