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 has been extended through January 31, 2027, providing income in place with near-term flexibility. Beginning December 1, 2025, either party may terminate the lease with 150 days' notice, allowing a buyer to plan for future occupancy or repositioning. Whether you’re an owner-user looking to control a prime, large-format box or an investor seeking to re-lease the anchor space, Paulina Square offers a compelling opportunity. The property features strong co-tenancy, flexible CG zoning, and prominent Highway 97 frontage with over 19,000 vehicles per day. For owner-users, this is a chance to secure long-term real estate presence in one of Oregon’s fastest-growing cities. For investors, the offering presents covered land with future re-leasing or redevelopment potential in a high-barrier-to-entry location. Paulina Square’s strategic location, existing income stream, and near-term occupancy flexibility make it a versatile asset for a wide range of buyer profiles.