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For Sale


6144 SE FOSTER ROAD | Portland, OR 97206

Property Details

Building Size17,687 SF
Property Size1.20 Acres

Supporting Documents


  • Norris & Stevens, Inc. is pleased to present this investment opportunity located at 6144 SE Foster Road, Portland Oregon. The 17,687 SF building is 100% occupied by two tenants (7-Eleven and Multnomah County). The building is a one story freestanding retail center with 335 feet of frontage facing SE Foster Road on a 42,253 SF land site. Overall, the site offers great retail exposure with a walker's paradise score of 90 and a highly visible pylon sign on the eastern corner. The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain fee simple ownership of two stable tenant income streams.


  • STABLE SECURE TENANCY 7-Eleven has been in the property for over 10 years. Then in 2017 Multnomah County moved in and spent nearly $3 million on the space, demonstrating their commitment to this location. The county has 5 years of remaining lease term and 7-Eleven has three; both tenants have multiple renewal options.
  • EXCELLENT LOCATION Prime corner along major retail corridor with significant frontage on both SE Foster Road and SE Holgate Street with combined traffic counts of 26,000 Vehicle Per Day
  • STRUCTURED RENT INCREASES The 7-Eleven lease allows for 10% rent increases every 5 years, including the renewal options. The next increase could occur in September 2026. Multnomah County has annual 2% increases, with the next increase coming in November 2023.
  • NATIONAL RETAILERS IN THE TRADE AREA Walgreens, Round Table Pizza, Dutch Bros, Dollar Tree, Popeye’s, Harbor Freight Tools and Subway
  • GREAT SIGNAGE OPPORTUNITIES Ingress and egress options on both SE Foster Rd and SE Holgate, with long view corridor down SE Foster Rd.