1728 North Tomahawk Island Drive · Portland, OR 97217 · Grocery / Big Box
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
CBRE is pleased to offer for sale the 106,500-square-foot Home Depot situated on 9.28 acres in Portland, Oregon (MSA Population: 2.6M+). Home Depot's net lease features ±10.7 years of primary term remaining with a 9.90% rent increase in 2032. Additionally, the lease features three, 5-year renewal options with a 9% rent increase in the first option, then 10% in the second and third options.
The Home Depot is part of the larger 743,227-square-foot Jantzen Beach Center, which is one of the only major shopping centers in the region. Located on Hayden Island in the Columbia River, Jantzen Beach Center serves as a major retail destination strategically positioned on the border of Oregon and Washington. Its location off Interstate 5 makes it a primary stop for Washington residents seeking tax-free shopping in Oregon. The center is home to big box retailers like Target, Dick's Sporting Goods, Best Buy, Ross, Burlington, T.J. Maxx, Sierra Trading Post, Homegoods, Michaels, Ashley Homestore and Ulta Beauty, to name a few. By visits, Jantzen Beach Center ranks among the top 8% of shopping centers nationwide and is within the top 7% of shopping centers in the state of Oregon (Placer.ai).
Located 8.4 miles north of downtown Portland, Home Depot is positioned with excellent access and visibility between the Columbia River and Interstate 5 (115,100 VPD), giving it strong regional connectivity between Portland, OR and Vancouver, WA. Its proximity to the Interstate Bridge and I-5 Exit 308 allows direct north-south access for both residential consumers and professional contractors.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.