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2650 NE Martin Luther King Blvd
5,116 - 18,100 SF of Retail Space Available in Portland, OR 97212
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor, Ste Retail 1-A | 12,984 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
Mezzanine, Ste Retai 1-B | 5,116 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste Retail 1-A
Retail space consists of ground floor space of 12,984 SF + Mezzanine space of 5,116 SF
- Fully Built-Out as Standard Retail Space
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 18,100 SF of adjacent space
Mezzanine, Ste Retai 1-B
Retail space consists of ground floor space of 12,984 SF + Mezzanine space of 5,116 SF - Must be leased together
- Fully Built-Out as Standard Retail Space
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 18,100 SF of adjacent space
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 2650 NE Martin Luther King Blvd , Portland, OR 97212
Property Type | Retail | Year Built | 1999 |
Property Subtype | Freestanding | Parking Ratio | 3.81/1,000 SF |
Gross Leasable Area | 18,100 SF |
Property Type | Retail |
Property Subtype | Freestanding |
Gross Leasable Area | 18,100 SF |
Year Built | 1999 |
Parking Ratio | 3.81/1,000 SF |
About the Property
Free Standing Retail Building • Corner of NE MLK Jr. Blvd & NE Knott Street • Walkable Neighborhood -------------------- Building Size: 12,984 SF First Floor + 5,116 SF Mezzanine Level (18,100 SF Combined) Call Broker for New Lease Rate Zoning: CM3 - Commercial Mixed-Use 2 -------------------- Property Features: • Second-Generation Flagship Retail Store with Two Floors • Mezzanine served by elevator and stairs • Private Parking for 69 Vehicles (4:1 Ratio) Plus Additional On-Street • Great Sidewalk Frontage, Windows, and Building Signage Opportunities • Showings to qualified tenants and their brokers – by appointment only -------------------- Location Features: • NE MLK JR Blvd Frontage with High-Visibility along Portland’s Inner NE Corridor • Close-In Irvington Trade Area with Diverse Retail Offerings • Minutes to Portland CBD and Walking Distance to Parks, Restaurants, Retailers and TriMet Transit • Nearby Highlights: New Seasons Market, Whole Foods Market, Arium Botanicals, Le Bontemps Café & Catering, Life of Pie Pizza, TwentySix Café, Ding Tea, Wonder Ballroom and other retail
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
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2650 NE Martin Luther King Blvd
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