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.