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Grand Central Crossing 106 NE Grand Ave 1,849 - 6,421 sq ft of Industrial Space Available in Portland, OR 97232
HIGHLIGHTS
- Grand Central Station presents beautifully renovated and customizable restaurant spaces in the epicenter of Central City.
- Sunny suites boast an extensive window line, multiple signage opportunities, an accompanying storage annex area, and fully equipped kitchens.
- Locally owned and professionally managed, Grand Central Station is perfect for tenants ready to locate or launch a business.
- Highly visible, corner location in a rapidly growing area with a daily traffic count of 27,916 cars at the corner of NE Couch St and NE Grand Ave.
- With superior accessibility, tenants and guests will appreciate the proximity to public transit and heavily traveled freeways like I-5 and I-84.
SPACE AVAILABILITY (3)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor - 106 | 1,849 sq ft | Negotiable | £29.89 /sq ft pa £2.49 /sq ft pcm £55,270 pa £4,606 pcm | Triple Net | ||
| 1st Floor - 110 | 2,189 sq ft | Negotiable | £29.89 /sq ft pa £2.49 /sq ft pcm £65,434 pa £5,453 pcm | Triple Net | ||
| 1st Floor - 114 | 2,383 sq ft | Negotiable | £29.89 /sq ft pa £2.49 /sq ft pcm £71,233 pa £5,936 pcm | Triple Net |
1st Floor - 106
This suite will be customized to suit a business's needs. The beautiful space with floor-to-ceiling windows and high ceilings is located in Portland's Central City. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant. North Rim specializes in building plug-and-play restaurants, production kitchens, as well as excellent value, high-quality commercial real estate throughout Portland. Each fully equipped restaurant space offers everything you need to operate a successful dining establishment. The kitchen is fitted with top-of-the-line equipment, including a Type 1 6-ft hood with suppression and venting and a Type 2 hood for vapor from the dishwasher. The space also includes essential plumbing features such as a 3-compartment sink, a prep sink, a hand sink, and two floor sinks, ensuring seamless food preparation and cleanliness. For dishwashing, there is a tall upright corner dishwasher. Under the hood, you’ll find a convection oven, a 6-burner stove with oven, and a fryer, providing versatility and efficiency in the kitchen. Additionally, the suite is equipped with a 2-door reach-in refrigerator, making it easy to store ingredients and keep your kitchen running smoothly. Additional common area features include a grease trap, janitorial mop sink, designated bike storage room, and convenient garbage and recycling areas to maintain cleanliness. The common area includes three restrooms—two ADA-compliant and one regular—ensuring accessibility for all. Each space is thoughtfully designed for ease of operation, making it an ideal choice for your restaurant venture.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Secure Storage
- Plug & Play
- Natural Light
- Unit is standalone
- Professional Lease
- Smoke Detector
- Wheelchair Accessible
- Highly visible location
- Signage Opportunities
- Floor-to-Ceiling Windows
- Customizable Restaurant Space
- Fully-Equipped Kitchens
- Professionally Maintained Equipment
1st Floor - 110
This suite will be customized to suit your business's needs. The beautiful space with floor-to-ceiling windows and high ceilings is in Portland's Central City. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant. North Rim specializes in building plug-and-play restaurants, production kitchens, as well as excellent value, high-quality commercial real estate throughout Portland. Each fully equipped restaurant space offers everything you need to operate a successful dining establishment. The kitchen is fitted with top-of-the-line equipment, including a Type 1 12-ft hood with suppression and venting and a Type 2 hood for vapor from the dishwasher. The space also includes essential plumbing features such as a 3-compartment sink, a prep sink, a hand sink, and two floor sinks, ensuring seamless food preparation and cleanliness. For dishwashing, there is a tall upright corner dishwasher. Under the hood, you’ll find a convection oven, a 6-burner stove with oven, and a fryer, providing versatility and efficiency in the kitchen. Additionally, the suite is equipped with a 2-door reach-in refrigerator, making it easy to store ingredients and keep your kitchen running smoothly. Additional common area features include a grease trap, janitorial mop sink, designated bike storage room, and convenient garbage and recycling areas to maintain cleanliness. The common area includes three restrooms—two ADA-compliant and one regular—ensuring accessibility for all. Each space is thoughtfully designed for ease of operation, making it an ideal choice for your restaurant venture.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Secure Storage
- Plug & Play
- Natural Light
- Unit is standalone
- Professional Lease
- Smoke Detector
- Wheelchair Accessible
- Easily Accessible Prime Location
- Signage Opportunities
- Floor-to-Ceiling windows
- Customizable Restaurant
- ADA Accessible
- Fully-Equipped Kitchen
1st Floor - 114
This suite will be customized to suit your business's needs. The beautiful space with floor-to-ceiling windows and high ceilings is in Portland's Central City. With expansive windows, ADA access, and a highly visible prime corner, this is a unique opportunity for a landmark location for a new or existing restaurant. North Rim specializes in building plug-and-play restaurants, production kitchens, as well as excellent value, high-quality commercial real estate throughout Portland. Each fully equipped restaurant space offers everything you need to operate a successful dining establishment. The kitchen is fitted with top-of-the-line equipment, including a Type 1 12-ft hood with suppression and venting and a Type 2 hood for vapor from the dishwasher. The space also includes essential plumbing features such as a 3-compartment sink, a prep sink, a hand sink, and two floor sinks, ensuring seamless food preparation and cleanliness. For dishwashing, there is a tall upright corner dishwasher. Under the hood, you’ll find a convection oven, a 6-burner stove with oven, and a fryer, providing versatility and efficiency in the kitchen. Additionally, the suite is equipped with a 2-door reach-in refrigerator, making it easy to store ingredients and keep your kitchen running smoothly. Additional common area features include a grease trap, janitorial mop sink, designated bike storage room, and convenient garbage and recycling areas to maintain cleanliness. The common area includes three restrooms—two ADA-compliant and one regular—ensuring accessibility for all. Each space is thoughtfully designed for ease of operation, making it an ideal choice for your restaurant venture.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Secure Storage
- Plug & Play
- Natural Light
- Unit is standalone
- Professional Lease
- Smoke Detector
- Wheelchair Accessible
- Customizable Restaurant Space
- Signage Opportunities
- Fully Equipped Kitchen
- ADA Accessible
- Easily Accessible Prime Location
- Professionally Managed and Locally Owned
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net (NNN) rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rent that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rent structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOUR
TENANTS AT GRAND CENTRAL CROSSING
- TENANT
- DESCRIPTION
- SIZE
- MOVE DATE
- US LOCATIONS
- REACH
- Golden Lotus Thai Kitchen
- Accommodation and Food Services
- -
- -
- -
- -
| TENANT | DESCRIPTION | SIZE | MOVE DATE | US LOCATIONS | REACH |
| Golden Lotus Thai Kitchen | Accommodation and Food Services | - | - | - | - |
PROPERTY FACTS
| Total Space Available | 6,421 sq ft | Net Internal Area (NIA) | 9,000 sq ft |
| Property Type | Retail | Year Built/Renovated | 1927/2025 |
| Property Subtype | Restaurant |
| Total Space Available | 6,421 sq ft |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Net Internal Area (NIA) | 9,000 sq ft |
| Year Built/Renovated | 1927/2025 |
ABOUT THE PROPERTY
Grand Central Station offers a prime opportunity for four new or established operators looking for a landmark location. Each custom restaurant has an accompanying annex space for office and storage use, ADA-compliant restrooms, and professionally maintained restaurant equipment. Moreover, this striking corner building's highly visible exterior and light-drenched interior are embellished with expansive windows and high ceilings, which draw inspiration from the building's original showroom features. Don't miss out on these one-of-a-kind spaces. North Rim will be building four separate restaurant spaces customized to the prospective operator's needs. Strategically located in Central City, Portland, Oregon, Grand Central Station is in a rapidly growing area with developments and transit upgrades on every corner. On the corner of NE Couch Street and NE Grand Avenue, this property is visited by over 27,916 cars daily. The convenient location near the Burnside Bridgehead at the Couch Couplet and just one block from the Burnside Street streetcar stop allows auto-free employees and guests to reach Grand Central Station. This retail property is easily accessible from the frequently traveled Interstates 5 and 84 within a short three-minute drive and a quarter-mile from nine TriMet stops. Grand Central Station is ideally situated for a new tenant to locate or launch a business in a revitalized and exciting destination.
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Signalised Intersection
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Mirakutei | Sushi | $$ | 4 min walk |
| J & M's Cafe | American | $$$ | 5 min walk |
| Dutch Bros | Cafe | $ | 6 min walk |
| Salt & Straw | - | - | 7 min walk |
| Doug Fir Lounge | American | $$ | 6 min walk |
| Starbucks | Cafe | $ | 7 min walk |
| Bar Casa Vale | Spanish | $$$ | 8 min walk |
| Olympia Provisions | American | $$ | 8 min walk |
| Garden Bar by Evergreens | American | $$ | 12 min walk |
RETAIL |
||
|---|---|---|
| New Seasons Central Market | Supermarket | 8 min walk |
| Office Depot | Office Supply | 8 min walk |
| Sola Salon Studios | Salon/Barber/Spa | 12 min walk |
| Orangetheory Fitness | Fitness | 12 min walk |
| CrossFit | Fitness | 14 min walk |
| United States Postal Service | Business/Copy/Postal Services | 14 min walk |
| Regal Cinemas | Cinema | 17 min walk |
| GameStop | Game Store | 18 min walk |
| Bath & Body Works | Health & Beauty Aids | 18 min walk |
HOTELS |
|
|---|---|
| Hyatt Regency |
600 rooms
3 min drive
|
| DoubleTree by Hilton |
477 rooms
4 min drive
|
| Embassy Suites by Hilton |
276 rooms
4 min drive
|
| Ritz-Carlton |
251 rooms
6 min drive
|
LETTING AGENT
LETTING AGENT
Matthew Schweitzer, President
In 1995, Matt teamed up with Jeffrey Weitz, founder of North Rim, taking on responsibilities in property management, leasing, and sales. Since then, he has played a key role in the company's growth and success, and today, he leads North Rim as its President.
ABOUT THE OWNER
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Grand Central Crossing | 106 NE Grand Ave
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