11710 SW Pacific Hwy - Freestanding FOR SALE


Portland, OR 97223
$3,900,000 USD
503-946-4913
11710 SW Pacific Hwy, Portland, OR for Sale
$3,900,000 USD
Freestanding - FOR SALE
1/5
null | 5.85% Cap Rate

11710 SW Pacific Hwy
Portland, OR 97223


HIGHLIGHTS

  • Long-Term Operator, Regional Brand – 100% leased to Car Toys, a leading and well-established specialty retailer
  • Dominant Retail Hub Location – Car Toys is strategically positioned along the high-traffic Pacific Highway (±48,800 CPD)
  • Complimentary Surrounding Tenants – The property benefits from an excellent mix of synergistic national and regional tenants

OVERVIEW

* Long-Term Operator, Regional Brand – 100% leased to Car Toys, a leading and well-established specialty retailer in the automotive aftermarket industry. Founded in 1987, Car Toys has grown into one of the largest independent car audio, vehicle security, navigation, and accessory retailers in the Pacific Northwest. The Car Toys brand currently has 34 stores in 4 states (WA, OR, CO and TX), owned and operated by 4 companies all with common brand licenses * Car Toys lease expires in January 2027, with one additional 5-year renewal option and a second 5-year renewal option in discussion. This near-term lease expiration provides investors excellent flexibility and future upside, including the opportunity to renegotiate with the existing tenant, re-tenant the space at current market rates, or a future owner-user opportunity * Dominant Retail Hub Location – Car Toys is strategically positioned along the high-traffic Pacific Highway (±48,800 CPD) retail corridor in Tigard, a primary shopping destination in the southwest Portland metro area. The site sits within a busy retail strip surrounded by established shopping centers and major retailers that generate strong, consistent consumer traffic to the trade area * Complimentary Surrounding Tenants – The property benefits from an excellent mix of synergistic national and regional tenants, including Fred Meyer, Costco, Petco, Starbucks, and other popular retailers and restaurants nearby. This creates significant cross-shopping opportunities and a daily customer flow * Costco: Ranked in the 98th percentile for in-store visits nationwide and 95th percentile in Oregon (placer.ai) * AutoZone: Ranked in the 97th percentile for in-store visits nationwide and 97th percentile in Oregon (placer.ai) * Winco Foods: Ranked in the 86th percentile for in-store visits nationwide and 88th percentile in Oregon (placer.ai)

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$658 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,859 SF

ZONING

C-G

APN/PARCEL ID

R0284329

ASK ABOUT THIS PROPERTY

Wes BochnerCBREMore Info
503-946-4913

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Wes BochnerCBREMore Info
503-946-4913

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