10765 SW Greenburg Rd - Retail FOR SALE


Tigard, OR 97223- Downtown Tigard
$4,010,000 USD
206-693-3329
10765 SW Greenburg Rd, Tigard, OR for Sale
$4,010,000 USD
Retail - FOR SALE
1/3
null | 6.5% Cap Rate

10765 SW Greenburg Rd
Tigard, OR 97223
Downtown Tigard


HIGHLIGHTS

  • ???????Top Anchor: 7-Eleven ranks top 11% nationally (Placer.ai); strong commuter traffic.
  • Stable Income: 100% leased; 6.9-yr WALT with daily-needs tenants.
  • Efficient Site: Excellent access, ample parking, strong performance.
  • Rent Upside: Rents at/below market; re-lease growth potential.
  • Excellent Access: Direct Hwy 217 link; high regional exposure.
  • Dense Trade Area: 140K+ within 3 miles; strong daytime traffic. Next to Washington Square Mall & Cascade Plaza.

OVERVIEW

Greenburg Road is a 10,470 SF neighborhood retail strip center located in Tigard, Oregon, within the WSM trade area, which draws approximately 10 million annual visits (per Placer.ai), and Cascade Plaza, two of the metro’s largest and most established retail destinations. The Property sits within Washington County—one of the Portland MSA’s most affluent and business-friendly submarkets—offering immediate access to Highway 217 (96k VPD) and the Nimbus Avenue employment corridor, which supports an estimated population of 140k within three miles. The Property is fully leased to 7-Eleven, Subway, and Allied Health, and has maintained 100% occupancy for more than 10 years with a weighted average lease term (WALT) of 6.9 years. Anchored by 7-Eleven (top 11% nationally by performance per Placer), the tenancy reflects a durable mix of daily needs and service-oriented uses. Subway provides national QSR stability, while Allied Health is a medical tenant with limited relocation alternatives and demonstrated renewal appetite. Current NOI is approximately $261,000 annually, with rents slightly below market and a basis under $400/SF in a premier Washington County trade area. The Property is offered at $4,010,000, representing a 6.50% cap rate.

FOR SALE DETAILS

PRICE

$4,010,000 USD

PRICE/SF

$383 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenburg Road Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,935 SF

ZONING

MUE

APN/PARCEL ID

R1346476,R1346485

ASK ABOUT THIS PROPERTY

Joe DugoniNorthmarqMore Info
206-693-3329

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Joe DugoniNorthmarqMore Info
206-693-3329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.