Heritage Plaza Corner

Highlights:

• 50% leased investment or owner-user opportunity
• 10-year NNN lease
• 2.7M Visitors @ Heritage Plaza; National tenant synergy
• Investor value add exit option; Owner user exit option
• Abundant parking

Description:

Capacity Commercial Group is pleased to offer the opportunity to acquire the fee simple interest in Heritage Plaza Corner, a 50% leased commercial property within Heritage Plaza in Albany, OR.

Heritage Plaza is a master-planned community comprising 12 buildings with 220,000+ sq. ft. covering 22 acres built adjacent to Heritage Mall, a regional mall that offers a diverse range of retail, dining, and entertainment options to the residents of Albany and surrounding areas. The subject property is located at the southwest corner of Heritage Plaza with convenient access to on- and off-ramps intersecting Interstate 5 (I-5) and connection to 70,764 VPD.

The property has an unmatched investment profile in this submarket, as both owner-users and pure-play investors are viable purchasers of this asset. Visitor traffic has been growing rapidly with the announcements of new, prominent retailers establishing themselves within Heritage Plaza.

The community center now attracts over 2,700,000 annual visitors due to excellent retail synergies among the tenants. Anchor tenants include Planet Fitness, Marshalls, Safeway, and Grocery Outlet, with support from Burger King, Applebee’s, Del Taco, Xfinity, and many others.

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