3004-3016 NE Broadway St
Portland, OR 97232
Retail Property For Sale

Northmarq is pleased to present the opportunity to acquire a 6,600-square-foot multi-tenant retail property located at 3004–3016 NE Broadway in Portland, Oregon. The Property is 85% occupied by three established tenants—Verizon, Batteries Plus, and Broadway Physical Therapy—all of which have operated at the Property for more than 20 years. The Offering provides investors with stable in-place income from long-tenured national and local tenants, near-term upside through lease-up of the 1,000-square-foot vacancy, and exposure to one of Portland’s most recognizable eastside retail corridors. Adjacent to a top 1% Fred Meyer location nationwide and in Oregon, which draws approximately 2.2 million annual visits per Placer.ai, the Property benefits from a major daily-needs traffic driver next door. The Property is also near the planned Lloyd Center redevelopment and sits along NE Broadway, which sees approximately 15,000 VPD.