8501-8511 N Lombard Street (the “Property”) provides an opportunity to invest in a newly renovated, fully leased, income-generating property with future development potential in one of the most vibrant neighborhoods of Portland. The Property consists of 7,508 square feet of retail space with frontage on one of the city’s most up-and-coming neighborhood retail corridors, six miles from the heart of Downtown Portland. The Property is fully occupied by two successful local tenants, each of which have invested heavily in their spaces. The Property offers strong cash flow and provides numerous opportunities to add value in both the short and long term. The Property is currently leased at below-market rents, with both tenants scheduled to renew their leases when market rents are forecasted to have increased by an additional 10%. Long-term, the 7,508 square foot site possesses excellent development potential, with 30,000 square feet of commercial or multi-family development allowed.