Gaarde Pacific
$3,500,000
13815 Southwest Pacific Highway, Portland, OR 97223
6.23
Cap Rate
218,060
NOI
Details:
Highlights:
- Unanchored Retail Center | Infill Location | Internet Resistant Tenant Mix
- Superior Daily Traffic | Dense Population | Affluent Consumer Base
- Value Add Reposition Strategy | Staggered Lease Expirations | Covered Carry
Description:
Capacity Commercial Group is pleased to offer the extraordinary opportunity to acquire the fee simple interest in Gaarde Pacific, an unanchored, infill retail strip center in Tigard, OR. The property is poised for a value add repositioning that is expected to yield a 15.03% levered IRR over a five-year period. Investors are protected from isolated leasing and capital risks with a strong going in yield and a balanced rollover schedule of internet-resistant tenants.
Gaarde Pacific dominates other retail strip centers with superb retail fundamentals. Approximately 45,000 vehicles pass in front of the center daily. The property is surrounded by homes with excellent demographic metrics (density, education, average household incomes, etc.). Costco Wholesale anchors the retail corridor at the north end with Tigard Towne Square anchoring the south end. This premier combination of daily traffic, demographic data, and top performing retail anchors is unlike any value add strip center available for purchase in the Pacific Northwest.
Documents:
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Offering Memorandum
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Location
Gallery
