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Loyal Legion 706-710 SE 6th Ave 16,320 SF 100% Leased Retail Building Portland, OR 97214 $4,100,000 ($251.23/SF) 7.19% Cap Rate
Investment Highlights
- 10 years of WALT and 3% annual rent increases
- teel-reinforced concrete construction designed to support additional stories
- Multiple demand channels and daypart activation
- Comprehensive renovation in 2015, including MEP, roof, elevator, and HVAC
- Demonstrated operator performance and long tenure
Executive Summary
Ethos Commercial Advisors LLC, as executive advisor, is pleased to present qualified investors the opportunity to acquire the fee interest in 706–710 SE 6th Avenue, Portland, Oregon (the “Property”), a restored 1908 asset at SE 6th Avenue and Alder Street. Home to The Evergreen event venue and Loyal Legion (including Voysey, a speakeasy-style bar), the Property offers a compelling combination of historic character, quality restoration, and durable hospitality demand.
The Property is anchored by long-tenured operators, each with new 10-year renewals, supporting stable cash flow and minimal rollover risk. Loyal Legion, a well-known craft beer destination with 99+ taps, drives consistent daily traffic, complementing The Evergreen’s event activity. Together, the uses create a cohesive hospitality ecosystem within the Central Eastside’s established dining and nightlife corridor.
The Property is anchored by long-tenured operators, each with new 10-year renewals, supporting stable cash flow and minimal rollover risk. Loyal Legion, a well-known craft beer destination with 99+ taps, drives consistent daily traffic, complementing The Evergreen’s event activity. Together, the uses create a cohesive hospitality ecosystem within the Central Eastside’s established dining and nightlife corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,320 SF
Building Class
C
Year Built/Renovated
1909/2015
Price
$4,100,000
Price Per SF
$251.23
Cap Rate
7.19%
NOI
$294,790
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
15’
Building FAR
3.41
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
EX - The EX zone is a mixed-use zone that allows a full range of high density commercial, light industrial, institutional and residential uses.
Frontage
112’ on Alder St
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Evergreen
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
Portland, Oregon has more breweries per capita than any other city in the world, and yet it does not have a signature beer hall to celebrate the tremendous tradition of Oregon Craft Brewing. The craft brewing movement may have officially started in a neighboring state but it is universally acknowledged that Oregon redefined the craft brewing movement and established itself as the capital of American brewing since the late 1980s. Loyal Legion’s sole purpose is to celebrate the Oregon Craft Brewing tradition.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Evergreen | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | - |
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R150227 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $672,980 |
Property Taxes
Parcel Number
R150227
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$672,980
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Loyal Legion | 706-710 SE 6th Ave
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