122nd & Halsey Anchored Shopping Center
122nd & Halsey Anchored Shopping Center
Available:
- SITE SIZE 4.1 AC | BUILDING RENTABLE AREA: 42,049 SF | PAD AREA: 20,250 SF
- PRICE: $8,400,000, CAP RATE: 6.22%
OCCUPANCY 100%, PARKING 231 STALLS
- 100% Occupied | Anchored Shopping Center | Value Add Opportunity | Rent Upside - This offering features a Bi-Mart anchored center with MOD Pizza, Chang’s Mongolian Grill and Starbucks. All four leases are NNN with Starbucks on a ground lease
- High Traffic & Exposure - The property sits on the hard corner of NE 122nd Ave & Halsey St with over 25,660 vehicles per day on 122nd Ave and 17,705 vehicles per day on Halsey St. Located at a signalized intersection with excellent visibility and 5 points of ingress/egress. The center benefits from easy access to both I-84 and I-205
- Shadow Anchored by WinCo Foods - The subject site is adjacent to WinCo Foods and San Rafael Shopping Center anchored by Planet Fitness and Dollar Tree
- Strong Demographics - Located in one of the densest areas of NE Portland with over 152,000 residents within 3 miles and an average household income of $102,375