Your email has been sent.
12th & Alder 537 SW 12th Ave 1,848 SF of Retail Space Available in Portland, OR 97205
HIGHLIGHTS
- Prime West End space in the heart of the district
- Co-tenant include Bar Dolly, Dolly Olive, Never Coffee, and adjacent to the best of the best in the West End
- Landlord is open to a variety of uses including retail/commercial/service tenants
- Plumbing/Washer/Dryer hook-ups and other infrastructure remaining
- Convenient public parking nearby including the new 11W parking garage located across on SW 12th & Washington
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,848 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Introductory modified gross rate: $4,500/month plus utilities.
- Located in-line with other retail
- Space is in Excellent Condition
- Hardwood Floors
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 12TH & ALDER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Dolly Olive
- Restaurant
- 2
- Local
- Gold + Arrow
- Services
- 1
- -
- Heart Cafe
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Dolly Olive | Restaurant | 2 | Local |
| Gold + Arrow | Services | 1 | - |
| Heart Cafe | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,848 SF | Gross Leasable Area | 9,582 SF |
| Property Type | Retail | Year Built | 1898 |
| Property Subtype | Storefront |
| Total Space Available | 1,848 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,582 SF |
| Year Built | 1898 |
FEATURES AND AMENITIES
- Bus Line
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
