Net Lease

Bye & Bye

1011 NE Alberta St, Portland, OR 97211

Property Details
	
			Price
			$1,800,000
		
			Cap Rate
			6.15%
        
			Price/SF
			$652
		
			Rentable Square Footage
			2,760 SF
		
			Site Area
			0.22 Acres
		
			Zoning
			CM2

Property Description

Fulcrum Pacific is pleased to offer for sale the fee simple ownership of Bye & Bye in Portland, Oregon. This iconic vegan bar and restaurant has anchored the Alberta Arts District since 2007, offering plant-based food and craft cocktails in a vibrant, community-focused setting. The tenant recently signed a new 10-year lease with four 5-year extension options, each with scheduled rent increases. The lease is NNN, offering passive income and minimal landlord responsibilities.

Bye & Bye is operated by the Lightning Bar Collective, known for successful concepts across Portland. With loyal patrons and alignment with modern dining and lifestyle trends, the tenant offers strong in-place value and future upside. This is a rare opportunity to acquire a stabilized, single-tenant asset in one of Portland’s most desirable retail corridors.

Property Highlights

ESTABLISHED OPERATOR: Part of the award-winning Lightning Bar Collective, Bye & Bye is backed by a seasoned local group behind multiple successful Portland venues, known for creating long-lasting, community-driven concepts.
PRIME LOCATION: Strategically positioned on a corner lot in the Alberta Arts District, one of Portland’s most dynamic and walkable neighborhoods, attracting consistent foot traffic from locals and tourists alike.
LONG-TERM STABILITY: Secured by a new 10-year NNN lease with four 5-year renewal options and built-in rent escalations—offering reliable cash flow and reduced landlord responsibilities.
EXPERIENCED TENANT: In continuous operation since 2007, Bye & Bye has built a strong brand, loyal customer base, and proven performance history—making it a resilient and desirable tenant.

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