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1st Floor - Unit 15
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Retail
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7,351 SF
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$1,410,000 USD
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Unit Size: 7,351 SF
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Condo Use: Retail
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Price: $1,410,000 USD
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Sale Type: Investment
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Price/SF: $191.81 USD
Description
• Ground lease with brand new 10-year extension extending lease to 2035.
• Paying low ground rent at approximately 44% below current market rates.
• Corporate-operated Discount Tire (Halle Properties, LLC).
• Strong historical occupancy having operating at this location for 35+ years and operating in the 84% percentile of all Oregon locations.
• Scheduled 10% increase in 2030 increases yield an estimated 45 basis points in the next 4.5 years.
• Located within Gresham Town Fair, a 264K SF community shopping center which sees over 2.6M in annual visits and is anchored by Ross, Dick’s Sporting Goods, and PetSmart.
• High-density residential trade area with 235,000+ residents within a 5-mile radius.
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Sean Tufts
Northmarq
