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3341-3343 SE Hawthorne Blvd 2,150 SF 100% Leased Retail Building Portland, OR 97214 $1,595,000 ($741.86/SF) 6.16% Cap Rate
Investment Highlights
- Desirable Hawthorne Shopping District
- Renovated in 2025
- Long-Term NNN Leases
Executive Summary
3341–3343 SE Hawthorne Boulevard presents an exceptional investment opportunity in one of Portland's premier urban retail corridors. Located in the heart of the vibrant Hawthorne District, this fully leased, recently renovated property offers investors stable long-term NNN income with minimal landlord responsibilities. The free-standing 3,796-square-foot building with parking and signage is 100% occupied by established local culinary concepts with long-term lease commitments. Positioned on a highly visible corner in one of Portland's most sought-after retail destinations, the property benefits from exceptional pedestrian activity, strong vehicle traffic, and a dynamic mix of restaurants, boutiques, and neighborhood businesses. Combining quality tenancy, professional management, recent capital improvements, and an irreplaceable prime retail location, this asset offers investors a rare opportunity for dependable cash flow and long-term appreciation.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,150 SF
Building Class
C
Year Built
1964
Price
$1,595,000
Price Per SF
$741.86
Cap Rate
6.16%
NOI
$98,212
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.11 AC
Zoning
C2 - Commercial Mixed Use 2
Parking
5 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
57’ on SE Hawthorne Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
Champagne Poetry is the culinary vision of Chef Dan Bian, who brings her passion for baking and artistic flair to life in Portland. Building on the success of La Rose Patisserie and Champagne Poetry Patisserie, Dan’s creations are known for their vibrant flavors and whimsical pink ambiance that reflect her distinctive personality. With the opening of her first full-service restaurant in Nob Hill, she pays tribute to her family's legacy by serving inspired Chinese-Japanese dishes rooted in the traditions of her grandmother’s and mother’s kitchens. Champagne Poetry is more than a restaurant—it’s a celebration of heritage, creativity, and heartfelt hospitality in every bite.
- Ice Cream Project
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Ice Cream Project | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R280984 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $339,350 |
Property Taxes
Parcel Number
R280984
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$339,350
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