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Grand Canyon Building 106 NE Grand Ave
1,849 - 9,000 SF of Space Available in Portland, OR 97232
Highlights
- The Grand Canyon Building, beautifully renovated in the epicenter of Central City.
- Sun-drenched space with an extensive window line and multiple signage opportunities for excellent visibility.
- Locally owned and professionally managed, the Grand Canyon Building is perfect for tenants ready to locate or launch a business.
- Highly visible, corner location in a rapidly growing area with a daily traffic count of 9,377 cars at the corner of NE Couch St and NE Grand.
- Positioned within Central City, an ever-evolving commercial district amid an economic and development wave.
- With superior accessibility tenants and guests will appreciate the proximity to heavily traveled freeways and public transit.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 106-1 | 1,849 SF | Negotiable | $33.22 /SF/YR $2.77 /SF/MO $357.58 /m²/YR $29.80 /m²/MO $5,119 /MO $61,424 /YR | Triple Net (NNN) | ||
| 1st Floor - 106-2 | 2,189 SF | Negotiable | $33.23 /SF/YR $2.77 /SF/MO $357.68 /m²/YR $29.81 /m²/MO $6,062 /MO $72,740 /YR | Triple Net (NNN) | ||
| 1st Floor - 106-3 | 2,383 SF | Negotiable | $33.23 /SF/YR $2.77 /SF/MO $357.68 /m²/YR $29.81 /m²/MO $6,599 /MO $79,187 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 106-4 | 2,579 SF | Negotiable | $33.21 /SF/YR $2.77 /SF/MO $357.47 /m²/YR $29.79 /m²/MO $7,137 /MO $85,649 /YR | Triple Net (NNN) |
1st Floor - 106-1
This suite will be customized to suite your business' needs. The beautiful space with floor-to-ceiling windows and high ceilings located in Portland's Central City. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant. North Rim specializes in building plug and play restaurants, production kitchens, as well as excellent value, high quality commercial real estate throughout Portland. Standard professional equipment package includes: reach-in refrigerator, reach-in freezer, 6-burner range with full size oven, 10' Type 1 exhaust hood, convection oven, deep fryer, stainless tables, upright ventless dishwasher, compartment sinks, hand sink, mop sink, grease trap (all equipment is landlord maintained; standard equipment is subject to change)
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Kitchen
- Private Restrooms
- Plug & Play
- Natural Light
- Space is an outparcel at this property
- Smoke Detector
- Wheelchair Accessible
- Highly visible location
- Signage opportunities
- Floor to ceiling windows
- Customizable Restaurant Space
- Fully-Equipped Kitchens
- Professionally Maintained Equipment
1st Floor - 106-2
Beautiful space with floor-to-ceiling windows and high ceilings located in Portland's Central City, this suite will be customized to suite your business needs. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant. North Rim specializes in building plug and play restaurants, production kitchens, as well as excellent value, high quality commercial real estate throughout Portland. Pitman Restaurant Equipment outfitted standard equipment package includes: Reach-in refrigerator, reach-in freezer, 6-burner range with full size oven, 10' Type 1 exhaust hood, convection oven, deep fryer, stainless tables, upright ventless dishwasher, compartment sinks, hand sink, mop sink, grease trap (all equipment is landlord maintained; standard equipment is subject to change)
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Secure Storage
- Plug & Play
- Natural Light
- Space is an outparcel at this property
- Professional Lease
- Smoke Detector
- Wheelchair Accessible
- Easily Accessible Prime Location
- Signage Opportunities
- Floor to ceiling windows
- Customizable Restaurant
- ADA Accessible
- Fully-Equipped Kitchen
1st Floor - 106-3
Beautiful space with floor-to-ceiling windows and high ceilings located in Portland's Central City, this suite will be customized to suite your business needs. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant. North Rim specializes in building plug and play restaurants, production kitchens, as well as excellent value, high quality commercial real estate throughout Portland. Pitman Restaurant Equipment outfitted standard equipment package includes: Reach-in refrigerator, reach-in freezer, 6-burner range with full size oven, 10' Type 1 exhaust hood, convection oven, deep fryer, stainless tables, upright ventless dishwasher, compartment sinks, hand sink, mop sink, grease trap (all equipment is landlord maintained; standard equipment is subject to change)
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Plug & Play
- Natural Light
- Space is an outparcel at this property
- Smoke Detector
- Wheelchair Accessible
- Customizable Restaurant Space
- Signage Opportunities
- Fully Equipped Kitchen
- ADA Accessible
- Easily Accessible Prime Location
- Professionally Managed and Locally Owned
1st Floor, Ste 106-4
Beautiful space with floor-to-ceiling windows and high ceilings located in Portland's Central City. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant operator. North Rim specializes in building plug and play restaurants, production kitchens, as well as excellent value, high quality commercial real estate throughout Portland. Pitman Restaurant Equipment outfitted standard equipment package includes: reach-in refrigerator, reach-in freezer, 6-burner range with full size oven, 10' Type 1 exhaust hood, convection oven, deep fryer, stainless tables, upright ventless dishwasher, 2 & 3 compartment sinks, hand sink, mop sink, grease trap (all equipment is landlord maintained; standard equipment is subject to change)
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Custom Restaurant Space
- Highly Visible Location
- Signage Opportunity
- Locally Owned and Professionally Managed
- ADA Accessible
- Fully Equipped Kitchen
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.
PROPERTY FACTS FOR 106 NE Grand Ave , Portland, OR 97232
| Property Type | Retail | Gross Leasable Area | 9,000 SF |
| Property Subtype | Storefront | Year Built/Renovated | 1927/2021 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,000 SF |
| Year Built/Renovated | 1927/2021 |
About the Property
The Grand Canyon Building offers a rare opportunity to work with North Rim to create 4 custom restaurant spaces. The building has beautiful, floor-to-ceiling windows and is ideally located in the epicenter of Central City. This property recently underwent extensive exterior facade renovations and provides 9,000 square feet. The proposed plan is designed for 4 restaurants with expansive windows, plus office or storage space, ADA access, and a highly visible prime corner location. The Grand Canyon Building provides tenants exceptional business visibility through various signage opportunities to assist with reaching customers. This remarkable property is proud to be locally owned and professionally managed. Strategically located in Central City, Portland, Oregon, the Grand Canyon Building is in a rapidly growing area with developments and transit upgrades on every corner. On the corner of NE Couch Street and NE Grand Avenue, this property is visited by over 9,377 cars daily. Conveniently located near the Burnside Bridgehead at the Couch couplet and just one block away from the Burnside Street streetcar stop, auto-free employees and guests can smoothly reach the Grand Canyon Building. This retail property is easily accessible from the frequently traveled Interstates 5 and 84 within a short three-minute drive and a quarter mile from nine TriMet stops. The Grand Canyon Building is ideally situated for a new tenant to locate or launch their businesses in a revitalized and exciting destination.
- Bus Line
- Mezzanine
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Nearby Major Retailers
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Matthew Schweitzer -
North Rim
Presented by
Grand Canyon Building | 106 NE Grand Ave
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