The Offering presents a prime investment opportunity with a well-located retail asset featuring a NNN lease structure, minimizing landlord responsibilities. The Property hosts a diverse mix of national and regional service-oriented tenants, ensuring steady foot traffic and reliable income. Positioned as a pad to Heritage Plaza—one of Albany’s regional centers anchored by a high-performing Safeway and Marshalls—the site benefits from strong consumer draw and visibility.
Located in the heart of Albany’s retail market, the property is surrounded by major regional shopping destinations, including Heritage Mall, Albany Plaza, and a Fred Meyer-anchored center. Easy access to Highway 20 and I-5 further enhances connectivity and ensures consistent vehicle traffic.
Additionally, the submarket’s low vacancy rate, combined with staggered lease expirations, creates an opportunity to push rents while minimizing turnover risk. With its strategic location, strong tenant mix, and minimal management requirements, this asset offers a compelling investment in a thriving retail corridor.