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Toril White

1toril@torilsellshouses.com +1(253) 350-2638

Listed by:Kidder Mathews • Kevin G. Verger

$2,680,000

Est. payment - /mo

0.52 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Oregon

MLS Listing ID 2504602

Style 75 - Retail

Year Built 2016

Lot Size 0.521 Acres

Property Sub-Type Commercial Industrial

Property Description

Acquire a 100% occupied NNN two-tenant retail investment located in the affluent and rapidly growing community of Happy Valley, Oregon. Since construction in 2016, the property has experienced zero tenant turnover. Both MOD Pizza and Embold Credit Union recently demonstrated their long-term commitment to the location through 10-year and 5-year lease extensions, respectively, each with renewal options and 2-3% annual rent increases, providing investors with durable income growth. The property benefits from a highly visible hard-corner location along a prominent retail corridor with daily traffic counts exceeding 29,000+ VPD. The site sits adjacent to a Safeway-anchored shopping center and in close proximity to Clackamas Town Center, one of the Portland metropolitan area's dominant regional retail destinations. Located in one of the Portland metro's most desirable suburban communities, the offering provides investors the opportunity to acquire a stable retail asset supported by strong demographics, continued residential growth, and long-term tenancy.

Location

State OR

County Clackamas

Area 2000 - Oregon

Interior

Flooring See Remarks

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Building

Sewer Available

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Others

Senior Community No

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Toril White

+1(253) 350-2638

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12091 SE Sunnyside RD Happy Valley, OR 97086

Toril White

Key Details

Location

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Nearby School & Business

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