9009 SW HALL BLVD · PORTLAND, OR 97223-4432 · Specialty Retail
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.
• Established National Tenant: Macy’s Furniture Gallery has operated at this location for nearly 20 years and ranks in the top 10% of furniture stores nationwide by visits per Placer.ai.
• Near-Term Optionality with Built-In Rent Growth: Lease expiration in early 2028 with four 5-year options, each featuring 10% rent bumps, presenting a clear path to enhanced cash flow upon renewal.
• Washington Square Adjacency: Positioned minutes from one of Oregon’s top-performing regional malls, which draws over 10 million annual visits per Placer.ai, driving consistent consumer traffic.
• Large-Format Infill Opportunity: 50,808 SF two-story building on a 2.49-acre MUC-zoned parcel in a supply-constrained submarket, with flexible zoning supporting a wide range of future use scenarios.
• Trade Area Demographics: 5-mile radius average household income exceeds $150,000 per Esri, supporting sustained demand for premium home furnishings within the subject’s immediate trade area.
• Below Replacement Cost Basis: At $247/SF, the offering provides a favorable entry point for a large format infill retail asset in a supply-constrained submarket.
• High-Traffic Retail Corridor: Direct frontage on SW Hall Blvd (±20,000 VPD) with immediate access to Highway 217 (±107,400 VPD).
Northmarq is pleased to present the opportunity to acquire a single-tenant Macy’s Furniture Gallery strategically located along SW Hall Blvd (±20,000 VPD), a primary retail corridor serving the Portland MSA. The two-story, 50,808 SF asset sits on a 2.49-acre infill parcel with direct connectivity to Highway 217 (±82,000 VPD) and immediate proximity to Washington Square, one of the highest-performing super-regional malls in the Pacific Northwest, generating over 10 million annual visits per Placer.ai. See page 10 for a detailed overview of Washington Square Mall.
The Property is offered at a 7.00% cap rate on a NNN lease structure, minimizing landlord responsibilities. With four (4) 5-year renewal options carrying 10% rent bumps, the asset offers meaningful upside upon lease extension. The surrounding submarket reports vacancy of approximately 3%, reflecting a deeply supply-constrained retail environment with strong long-term residual value.
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.