Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Eastport Food Carts in Southeast Portland, Oregon. The asset represents an opportunity to purchase a purpose-built pod created in compliance with the City of Portland's new food cart pod regulations. Built in 2020, Eastport Food Carts offers 26 individual cart spaces around multiple central outdoor dining options, as well as additional indoor dining space, manager's office, and large owner's shop. Portland was recently rated the #1 Food City by WalletHub, and Eastport is well reputed within the bustling local food cart scene, having been recognized on short lists by multiple outlets including Travel Portland and Embrace Someplace. The property's construction within the regulatory guidelines recently imposed by the City of Portland will secure its position within the food cart hierarchy as it is one of the few in existence that currently meets those guidelines, offering a safe haven for otherwise displaced carts. The owner’s shop, estimated at 2,000 square feet, offers a huge opportunity to further monetize the asset, via creation of a bar or retail space, additional interior amenities such as retail, gaming, or interior cart space. With a one-mile population of nearly 25,000 and climbing, demand for amenities will continue to grow, while the one-mile daytime population in excess of 18,000 people bolsters the need for the fast, affordable, varied and high-quality lunch options Eastport Food Carts are perfectly positioned to provide.