Tigard Towne Square (Trader Joe's & Planet Fitness)

Tigard, OR
This listing is no longer available.
This listing is currently in escrow.


Sold February 2023

Price: $11,290,000

Cap Rate: 5.75%

Represented: Seller

Location: Tigard (Portland), OR


Tigard Towne Square - Tigard, Oregon

Value-Add Opportunity with Trader Joe's & Planet Fitness


- Brand new 10-year lease with Trader Joes

- Multi-tenant, Trader Joe’s & Planet Fitness NNN investment opportunity in Tigard, OR

- Value-add opportunity through lease-up of the existing vacant unit (9,000 SF) next to Trader Joe’s

- Strong/National Tenants - The subject property features two of the strongest tenants in today’s market: Trader Joes and Planet Fitness

- High Traffic Shopping Center - Ideally located at the signalized, hard corner location at SW Durham Road and SW Pacific Hwy (over 65,300 VPD)

- Strong demographics, with over 237,000 residents within a 5-mile radius, with an average household income of nearly $120k

-Multiple parcels allows for disposition flexibility

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