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Tuck Lung Building 140 NW 4th Ave 1,361 - 6,295 SF of Retail Space Available in Portland, OR 97209
HIGHLIGHTS
- 3 Move-In Ready Spaces Available
- Property Has Had Extensive Renovations, Including A New Roof
- Old Town Chinatown Has Long Been A Creative and Vibrant Community of Makers and Doers
- TI Available as Needed
- Second Floor Is Entirely Leased To National Credit Tenant
- Cultural Hub for the City's Asian American Community, with a Particular Focus on Chinese Heritage
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Retail 1 | 1,361 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $20,415 /YR $1,701 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Retail 3 | 1,644 SF | Negotiable | $13.00 /SF/YR $1.08 /SF/MO $21,372 /YR $1,781 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Retail 4 | 3,290 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $39,480 /YR $3,290 /MO | Triple Net (NNN) |
1st Floor, Ste Retail 1
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste Retail 3
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste Retail 4
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT TUCK LUNG BUILDING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Downtown Portland Comprehensive Treatment Center
- Health Care
- 316
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Downtown Portland Comprehensive Treatment Center | Health Care | 316 | National |
PROPERTY FACTS
| Total Space Available | 6,295 SF | Gross Leasable Area | 33,692 SF |
| Property Type | Retail | Year Built/Renovated | 1977/2015 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 6,295 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 33,692 SF |
| Year Built/Renovated | 1977/2015 |
ABOUT THE PROPERTY
Retail Space in Old Town Chinatown Building ±1,243 SF - ± 3,290 SF Available • Corner Space Available Building Size: ±33,692 SF Retail 1: 1,361 SF Retail 2: 1,243 SF (LEASED) Retail 3: 1,644 SF Retail 4: 3,290 Lease Rate: $12.00 - $15.00 psf + NNN Zoning: Central Commercial (CX)
- Bus Line
- Commuter Rail
- Conferencing Facility
- Storage Space
NEARBY MAJOR RETAILERS
CONTACTS
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
