Freestanding For Sale • 84,000 SF
| Safeway has anchored the center since 1991, leased through 2031 with two 10-year renewals and 10% rent bumps. It drives ~889K annual visits |
| Average rent ~$9/SF vs. $18–$22/SF market rates. Retail vacancy less than 3% within one mile supports strong mark-to-market upside & minimal downtime |
| 6.5-acre site within the Heights Plan District allows mixed-use, mid-rise development and multifamily under R-18 zoning |
| Local, service-based tenants (fitness, salons, financial services, dining) complement Safeway; no large box exposure |
| 1-mile household income over $125K; Vancouver’s population projected to more than double by 2045. Median home values up ~65% since 2019 |
| Signalized intersection of Mill Plain Blvd & Andresen Rd with 40K+ daily vehicles and ~340 parking stalls |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Vancouver (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) | 11 min | - | 4.3 mi |
| Airport | Drive | Walk | Distance |
| Portland International | 16 min | - | 8.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 340 |
| Type: | Surface |
| Included in Rent: | Yes |