3341-3343 SE Hawthorne Boulevard
Trophy Hawthorne Retail Investment
Investment Highlights
100% Occupied | Long-Term NNN Leases | Premier Hawthorne District Location
- 100% Occupied by established tenants
- Long-term NNN lease structure minimalized landlord responsibilities
- Extensive 2025 renovation reduces near-term capital expenditure risk
- Corner location on Hawthorne Boulevard with nearly 19,000 vehicles per day
- Dedicated parking and pole signage
- Located in one of Portland's strongest retail corridors
- High-income trade area with average household income exceeding $135,000
- Potential future rent growth supported by constrained retail supply
Investment Overview
North Rim is pleased to present 3341-3343 SE Hawthorne Boulevard, a fully leased retail investment opportunity located in Portland's premier Hawthorne District. The property consists of a freestanding, recently renovated retail building totaling 3,796 square feet on a highly visible signalized corner at SE Hawthorne Boulevard and SE 34th Avenue. The asset is 100% occupied under long-term lease agreements, providing investors with stable cash flow and limited management responsibilities. Renovated in 2025, the property offers a rare combination of durable income, strong tenant occupancy, and reduced near-term capital expenditure requirements.
Situated within one of Portland's most established neighborhood retail corridors, the property benefits from exceptional pedestrian activity, strong vehicle exposure, and a dense surrounding population characterized by above average household incomes and strong consumer spending patterns. The Hawthorne District remains onf of the city's most sought-after retail destinations, attracting both local residents and regional visitors.
Opportunities to acquire stabilized, fully leased urban retail assets with recent capital improvements and long-term NNN income streams are increasingly limited. This property offers investors the ability to acquire a well-located asset with immediate cash flow, inflation protection through contractual rent growth, and long-term appreciation potential in one of Portland's most recognizable commercial districts.
Why Investors are Attracted to this Opportunity
Premier Tenant
La Rose PDX dba Champagne Poetry & Ice Cream Project by Champagne Poetry
The property is 100% leased to La Rose PDX, which occupies both commercial suites at 3341 and 3343 SE Hawthorne Boulevard. The tenant operates two of Portland's most recognizable culinary concepts: Champagne Poetry Patisserie and Ice Cream Project by Champagne Poetry, creating a unique destination that has become synonymous with innovation, luxury desserts, and experiential dining.
Founded by acclaimed chef and entrepreneur Dan Bian, La Rose PDX is a woman-owned culinary company that artfully blends French pastry techniques with East Asian flavors and aesthetics. Bian honed her craft under internationally renowned pastry masters CĂ©dric Grolet and Johan Martin, and further refined her expertise at Le Cordon Bleu Portland, developing a distinctive culinary style that has garnered a devoted regional following.
Before launching Champagne Poetry, Bian owned and operated La Rose Patisserie in Beaverton, Oregon. In April 2022, she opened the flagship Champagne Poetry Patisserie at the subject property, quickly establishing it as one of Portland's most sought-after dining and dessert destinations. The company's continued success led to the opening of a second location in Portland's Slabtown neighborhood in March 2025, demonstrating the brand's strong growth trajectory and expanding market presence.
Champagne Poetry is celebrated for its signature blend of French patisserie craftsmanship and Asian-inspired flavors, offering visually stunning pastries, artisanal macarons, custom cakes, champagne cocktails, and elevated brunch fare, including its highly popular Japanese soufflé pancakes. The brand's distinctive pink, floral, and maximalist design aesthetic has created a highly recognizable identity and a significant social media presence, attracting customers from throughout the Portland metropolitan area and beyond.
Demographics & Traffic
Area Highlights
Located in the heart of Portland's vibrant Hawthorne District, this freestanding building sits on a highly visible corner at SE Hawthrone Boulevard and SE 34th Avenue, benefiting from over 18,000 vehicles passing by daily. Surrounded by eclectic boutiques, cozy cafes, and unique vintage shops, this is one of Portland's most walkable and desirable neighborhoods. Adjacent to four other neighborhoods (Buckman, Hosford-Abernethy, Sunnyside, and Richmond), there are over 50,000 households with high incomes of over $135,000 annually within a 2-mile radius and just a 15-minute drive to downtown Portland or Portland International Airport, this property offers tremendous exposure and potential for growth in a dynamic, high-traffic corridor. Take advantage of this rare opportunity to invest in one of Portland's most thriving areas!
| Traffic Count (at SE Hawthorne & SE 34th) | Population | Average Household Income | Median Age |
|---|---|---|---|
| 18,923 | 34,897 | $135,610 | 38.41 |
