Tigard Towne Square (Trader Joe's & Planet Fitness)
At-A-Glance
Sold February 2023
Price: $11,290,000
Cap Rate: 5.75%
Represented: Seller
Location: Tigard (Portland), OR
Opportunity
Tigard Towne Square - Tigard, Oregon
Value-Add Opportunity with Trader Joe's & Planet Fitness
Highlights
- 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
