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The Shops At The Old Mill District 425 SW Powerhouse Dr
1,200 - 23,000 SF of Retail Space Available in Bend, OR 97702
Highlights
- Central Oregon's premier lifestyle shopping center on the banks of the Deschutes River.
- Abundant parking.
- Excellent visibility and frontage.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-23,000 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
450 SW Powerhouse Dr - 1st Floor
23,000 SF of new restaurant and retail opportunity in three buildings XY and Z slated for delivery in Q1 2026. This new retail is on the North end of the Old Mill District nestled on the last remaining riverfront site on the Deschutes and the historic Hot Pond. Space is divisible down to 1200 SF depending on the building.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
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.
SITE PLAN
SELECT TENANTS AT The Shops At The Old Mill District
- Tenant
- Description
- US Locations
- Reach
- Athleta
- Retailer
- -
- -
- Banana Republic
- Retailer
- -
- -
- Gap
- Retailer
- -
- -
- Lush
- Retailer
- -
- -
- Regal Entertainment
- Retailer
- -
- -
- Sephora
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Athleta | Retailer | - | - |
| Banana Republic | Retailer | - | - |
| Gap | Retailer | - | - |
| Lush | Retailer | - | - |
| Regal Entertainment | Retailer | - | - |
| Sephora | Retailer | - | - |
PROPERTY FACTS FOR 425 SW Powerhouse Dr , Bend, OR 97702
| Min. Divisible | 1,200 SF | Frontage | |
| Center Type | Lifestyle Center | Gross Leasable Area | 271,964 SF |
| Parking | 15,774 Spaces | Total Land Area | 58.81 AC |
| Stores | 39 | Year Built | 2000 |
| Center Properties | 18 |
| Min. Divisible | 1,200 SF |
| Center Type | Lifestyle Center |
| Parking | 15,774 Spaces |
| Stores | 39 |
| Center Properties | 18 |
| Frontage | |
| Gross Leasable Area | 271,964 SF |
| Total Land Area | 58.81 AC |
| Year Built | 2000 |
About the Property
Located on the banks of the Deschutes River adjacent to downtown Bend, The Old Mill District is Central Oregon's premier lifestyle center. Encompassing over 267,000 SF on 17 acres, the project is home to many national and local retailers including major Tenant's Regal Entertainments 16 Screen theater plus IMAX, REI in 28,000 SF, Sephora, Gap, Banana Republic, Athleta, Vanilla Urban Threads, Lululemon, City Home, Greg's Grill, Pastini Pastaria, Lush, American Eagle Outfitters, Sister's Coffee, Orange Theory, Anthony's, Victoria's Secret, Ginger's Kitchen, Ola and many more. Hayden Homes Amphitheater an outdoor concert venue across the river holds 8000 seats bringing in 50 plus or minus big name bands per year.
Nearby Major Retailers
-
Candace Gray -
Envision Realty Advisors West
Presented by
The Shops At The Old Mill District | 425 SW Powerhouse Dr
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