Paulina Square presents a rare opportunity to acquire a high-visibility retail center on Bend’s dominant commercial corridor, South Highway 97, anchored by nationally recognized tenants and shadow-anchored by Fred Meyer. The center totals 14,674 square feet and is currently 100% leased, with Big 5 Sporting Goods occupying over 76% of the gross leasable area since 2008. Big 5’s lease is nearing expiration and the tenant is unlikely to renew, offering a unique opening for an owner-user to claim a highly visible box space in one of Oregon’s fastest-growing markets, or for a value-driven investor to reposition the anchor and unlock potential upside. Despite a low going-in cap rate of 4.89%, the property benefits from solid in-place income, a flexible CG zoning designation, and outstanding fundamentals including abundant parking, strong co-tenancy, and frontage along a retail corridor with over 19,000 vehicles per day. For owner-users, this is a generational chance to secure prime Bend retail real estate and control your footprint in a market with limited large-format availability. For investors, the offering represents a rare covered land play with long-term redevelopment and re-leasing potential in a high-barrier-to-entry location. Paulina Square’s combination of stable current income, value-add potential, and strategic location make it an ideal fit for users or investors seeking to capitalize on Bend’s continued growth.