Loyal Legion 706-710 SE 6th Ave 16,320 SF 100% Leased Retail Building Portland, OR 97214 $3,450,000 ($211.40/SF) 9.47% Cap Rate

706-710 SE 6th Avenue presents the opportunity to acquire a fully leased, two-tenant retail investment occupied by Loyal Legion and The Evergreen, two established hospitality operators that have each occupied the property for approximately ten years and recently executed new 10-year lease renewals. The leases provide stable cash flow, 3.00% annual rent increases, and a weighted average lease term (WALT) of approximately 10 years, significantly reducing near-term rollover risk.
Originally constructed in 1908 for the Independent Order of Odd Fellows and comprehensively restored in 2015, the building combines historic character with modern functionality. Original maple hardwood floors, soaring ceilings, and exposed structural elements create an irreplaceable venue that would be difficult to replicate today.
Loyal Legion's steady daily traffic complements The Evergreen's event-driven business, creating consistent activity throughout the day, evening, and weekends. Together with proven tenant performance and long-term contractual income, 706-710 SE 6th Avenue offers investors a compelling combination of durable cash flow and a distinctive historic asset.