The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR
A THOROUGH DUE DILIGENCE INVESTIGATION.
Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.
CONCORDIA'S CULINARY POCKET AT NE 30TH + NE KLILLINGSWORTH WITH $609M IN CONSUMER SPENDING WITHIN A 1 MILE RADIUS
Ease Of Access
Just 1.26 Miles to Hwy 99 and 0.74 miles to N Lombard/ Hwy 30 Byp giving easy access to I-5, I-205, and I-85.
Co-Tenants In Place
This restaurant space is centered between a mix of cotenants Wilder Bar, Flour Market, Sweetheart Tattoo and YUI, which draws Portland's eclectic crowd of foodies, artisan seekers, and community.
Concordia Neighborhood
Named for the University Campus (purchased by University of Oregon in 2022) at the heart of this neighborhood, Concordia is one of Portland’s most diverse neighborhoods, and residents pride themselves on that fact, as well as their neighborhood’s reputation for being a hub for the arts. For starters, almost all of the Alberta Street Arts District is located within Concordia.
Edgy, Fun, Creative Environment
The eclectic and trendy neighborhood of Concordia in North East Portland has become a beloved destination for locals and visitors alike. Its vibrant energy, unique shops, and diverse dining options make for an exciting experience.
Higher Education
The 2022 Enrollment rate for University of Portland was 3,731. The establishment is just 5.3 miles from the subject property and is rated the #1 Private University in Oregon for Value, according to Kiplinger’s Personal Finance, #1 Regional Universities West and listed on the ‘Best Colleges’ U.S. News & World Report for 2022-2023.
Open Air Dining
Fantastic back patio and sidewalk / street seating out front. Street is currently closed allowing additional open air dining.
INDUSTRY HIGHLIGHT
THIS INDUSTRY INCLUDES BARS, TAVERNS, PUBS, LOUNGES, NIGHTCLUBS AND OTHER DRINKING PLACES THAT PRIMARILY PREPARE AND SERVE ALCOHOLIC BEVERAGES FOR IMMEDIATE CONSUMPTION. THE PUBS, BARS, AND NIGHTCLUBS MARKET IS ESTIMATED TO GROW AT A CAGR OF 5.09% BETWEEN 2022 AND 2027. THE SIZE OF THE MARKET IS FORECAST TO INCREASE BY USD 31.46 BILLION. IN 2020, 68.7% OF AMERICAN ADULTS AGED 18 AND OLDER REPORTED THAT THEY DRANK ALCOHOL IN THE PAST YEAR. 54.2% STATED THAT THEY DRANK IN THE PAST MONTH. 85.2% OF PEOPLE REPORTED THAT THEY HAD DRANK ALCOHOL AT SOME POINT IN THEIR LIFETIME.
WILDER BAR & CAFE
WILDER IS RIGHT ON THE CORNER OF ONE OF CONCORDIA’S BEST POCKETS. IT’S SURROUNDED BY SOME OF PORTLAND’S BUZZIER SPOTS LIKE DAME, EXPATRIATE, AND GABBIANOS. STOP IN FOR A CRAFT COCKTAIL WHILE YOU WAIT FOR DINNER, OR IF YOU’RE LOOKING FOR A SOLID BURGER WITH YOUR DRINK. THE TWINKLING, WOOD-CLAD SPACE FEELS CONSIDERED BUT NOT OVER-DESIGNED, AND THE COCKTAIL MENU IS THOUGHTFULLY DESIGNED BY THE OWNER AND LEAD BARTENDER. WILDER IS SO COZY, THE RESERVATION YOU MADE NEXT DOOR MAY BECOME A DISTANT MEMORY.
INDUSTRY HIGHLIGHT
THE GLOBAL BAKERY & CONFECTIONARY MARKET GREW FROM $934.45 BILLION IN 2022 TO $993.64 BILLION IN 2023 AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 6.3%. ACCORDING TO THE MAGAZINEBBM.COM
THE WORLD OF BREAD IS UNDERGOING A TRANSFORMATION, WITH NEW TRENDS AND INNOVATIONS EMERGING ALL THE TIME. SOURDOUGH BREAD, ANCIENT GRAINS, ALTERNATIVE FLOURS, ARTISANAL BREADS, AND SAVORY FLAVORS ARE JUST A FEW OF THE TRENDS TO WATCH OUT FOR IN 2023. THESE TRENDS ARE BEING DRIVEN BY A GROWING INTEREST IN HEALTH AND WELLNESS, INTERNATIONAL CUISINES, AND SUSTAINABILITY.
FLOUR MARKET
WHOLESALE AND RETAIL BAKERY IN PORTLAND OREGON. BREAD, PASTRIES, TREATS, DESSERTS. THE FLOUR MARKET RETAIL STORE WAS BORN, ODDLY ENOUGH, OUT OF THE SHUTDOWN FROM THE COVID PANDEMIC. THEY PRODUCE ALL TYPES OF BREADS AND PASTRIES FOR A GROWING LIST OF PORTLAND RESTAURANTS AND CAFES, AS WELL AS THEIR OWN RETAIL STORE.
LOCATIONS
2 OPENED
2022
5461 SIC CODE
5+
311811
HEADQUARTERS
EMPLOYEES
NAICS CODE
PORTLAND, OR
INDUSTRY HIGHLIGHT
THE GLOBAL TATTOO MARKET SIZE WAS VALUED AT USD 1.75 BILLION IN 2021. THE MARKET IS PROJECTED TO GROW FROM USD 1.89 BILLION IN 2022 TO USD 3.55 BILLION BY 2029, EXHIBITING A CAGR OF 9.43% DURING THE FORECAST PERIOD. OREGON’S TATTOO INDUSTRY HAS FLOURISHED IN THE PAST FEW YEARS DESPITE THE BAD ECONOMY, WITH THE NUMBER OF LICENSED PRACTITIONERS GROWING 350% IN THE PAST DECADE AND THE NUMBER OF SCHOOLS ALMOST TRIPLING.
SWEET HEART TATTOO
IT’S A LOVE STORY AS OLD AS TIME WITH A MODERN DAY TWIST. TWO SWEETHEARTS – JAG SEYD AND JOSHUA BIGHAUS – MOVED TO NORTHEAST PORTLAND AND IN JULY 2020 THEY OPENED THE DOORS OF THEIR TATTOO SHOP. “SWEET HEART TATTOO IS A LOVE LETTER TO ONE ANOTHER, TO THE ART OF TATTOO AND TO OUR CLIENTS,’” JAG SAID. “’SWEET HEART’ IS ALSO A REFERENCE TO MY WONDERFUL GRANDMOTHER WHO WAS FULL OF LOVE AND KINDNESS. MY GRANDMOTHER ALWAYS CALLED ME ‘SWEETHEART.’”
LOCATIONS
1 FOUNDED
2020
7299
MISC SIC CODE
2+
812199
HEADQUARTERS
EMPLOYEES
NAICS CODE
PORTLAND, OR
CO-TENANT PROFILE: SWEET HEART TATTOO
INDUSTRY HIGHLIGHT
THE RESTAURANT AND FOOD SERVICE INDUSTRY IS AN $899 BILLION INDUSTRY IN THE UNITED STATES. RESTAURANTS AND OTHER FOODSERVICE PROVIDERS ARE SO WIDESPREAD THAT HALF OF ALL ADULTS HAVE WORKED IN FOOD SERVICE IN ONE WAY OR ANOTHER AT SOME POINT IN THEIR LIVES. THE POPULARITY OF THAI CUISINE ABROAD IS NO COINCIDENCE. IN THE US ALONE, THERE ARE 5,342 THAI RESTAURANTS (CERTIFIED AUTHENTIC BY THE THAI GOVERNMENT GASTRODIPLOMACY PROGRAM "THAI SELECT") FOR AROUND 300,000 THAI-AMERICANS.
YUI
OPENED IN AUGUST 2020 FOR TAKEOUT, THEN REOPENING FOR DINE-IN SERVICE IN MARCH 2022 AFTER A BRIEF CLOSURE. BASED ON THE STEADY FLOW OF CLIENTELE ON A MONDAY NIGHT AND NEAR-RAPTUROUS COMMENTS ONLINE, THE SPOT CLEARLY HAS AN AUDIENCE. THE BUSINESS’S MONIKER COMES FROM A THAI NICKNAME MEANING “CHUBBY CHEEKS,” GIVEN AT BIRTH TO OWNER, MANAGER, HOST, SERVER, BARTENDER AND BUSSER CHALUNTHORN SCHAEFFER BY HER MOTHER “MAMA” TA TRIAMCHAINON, WHO RUNS THE ENTIRE KITCHEN. THIS RESTAURANT IS THESE TWO WOMEN.
LOCATIONS
1 FOUNDED
2020
5812 SIC CODE
2+ STAFF
722511
NAICS CODE
HEADQUARTERS
PORTLAND, OR
FROM 2020 TO 2022 ONLINE SEARCHES FOR "OUTDOOR DINING" INCREASED BY 1,060%
5
6,318+ VPD NE KILLINGSWORTH ST
395+ VPD NE 30TH AVE
7,157+ VPD NE 33RD AVE
YOUR
LOGO
ANNUAL FOOT TRAFFIC: 133,679 AREA VISITS
HOURLY FOOT TRAFFIC: 3 PM PEAK
DAILY FOOT TRAFFIC: SATURDAY PEAK
WALKSCORE: 90 (WALKER'S PARADISE)
BIKESCORE: 98 (BIKER'S PARADISE)
TRANSITSCORE: 47 (SOME TRANSIT)
AIRPORT:
13 MIN DRIVE TO PDX
ABOUTNE PORTLAND, OR
Portland is Oregon’s largest city and the second-largest city in the Pacific Northwest. The city sits on the banks of the Columbia and Willamette rivers, basks below the scenic view of snow-capped Mount Hood. Its industry strengths encompass athletic & outdoor, technology, manufacturing, and green city services and technologies. Its remarkable transportation options include the nationally ranked PDX airport, light rail, and bike/walk alternatives. The region’s airports, marine properties, and business parks are integral to the area’s economy. The city attracts both businesses and young, well-educated talent drawn by Portland’s green spaces, eco-friendliness, microbreweries and coffeehouses, cultural amenities, yearround recreational access, and opportunities for growth. With projections for employed population and median household income growth being 1.64% and 3.03% respectively, the City of Roses ranked number 17 on Forbes’ list of America’s FastestGrowing Cities in 2018. The Portland Metro now represents more than one-half of Oregon’s population. Steady booming growth in recent years has allowed for a significant uptick of construction, both commercial and residential, within Multnomah County. Portland is the 25th largest city Nationwide.
Diverse and hip Northeast Portland is known for the Alberta Arts District, with unique shops, galleries, hip eateries and the lively Last Thursday Street Fair. Live music acts play regularly in small, low-key bars, and at the renovated 1920s Alberta Rose Theatre. Breweries, brunch spots and artisan boutiques line North Mississippi and Williams avenues. The Grotto is a Catholic shrine with tranquil botanical gardens. At the base of Northeast where its border meets Southeast, an area near the Burnside Bridge has been redeveloped into a bustling nightlife and entertainment district. The area features bars like The Chesterfield and music venues like The Doug Fir Lounge.
St. John's Bridge
Mural in NE Portland
Image: wikimedia.org
Image: en.wikipedia.org
White Stag Sign
Image: wikimedia.org
