Safeway plans to close its large store at Jantzen Beach this spring.

The grocery chain said it notified employees of the pending closure Tuesday evening, and said it expects to shutter the facility by June 9. In a statement, Safeway said the store is "underperforming."

"If you need groceries and you live on (Hayden Island), you're going to go to Safeway," said Larry Camp, a 45-year resident. He said the closure is a major setback for residents there, some of whom cannot get across the Interstate 5 Bridge to shop in Vancouver.

The Jantzen Beach store opened in 1989, replacing an older Safeway nearby that opened in 1962. The company said it is working with approximately 75 employees at the store to find them new jobs at Safeway, and said it is "premature" to talk about the property's future

The store is immediately east of Interstate 5, near the point where the bridge begins across the Columbia River. The property's long-term future may depend to some degree on plans to replace the aging bridge, which could shift the freeway to a new location.

Residents estimate Hayden Island's population at just 2,500 but hundreds of thousands of vehicles pass by Jantzen Beach every day on Interstate 5. The Jantzen Beach Center, on the other side of the freeway, just completed a $50 million renovation.

Target has a major store at that shopping center, which underwent a major remodel in 2012. And Fred Meyer has a store less than three miles away, across the Columbia in Washington. Zupan's Markets had a Jantzen Beach store until 2006.

This is the second major Portland grocery store to close this year. Fred Meyer closed its store on Southeast 82nd Avenue and Foster Road in January.

Public records show Safeway owns the 55,000-square-foot Jantzen Beach building. Multnomah County pegs the property's market value at $11.4 million.

Albertsons Companies, which owns both the Safeway and Albertsons chains, reported $14.0 billion in revenue last quarter, up from $13.9 billion the year before. The company posted a $388.3 million profit.

The company has 2,318 stores, six fewer than a year ago, and $11.8 billion in long-term debt.

-- Mike Rogoway; Twitter: @rogoway; 503-294-7699