Gateway Shopping Center Retail FOR SALE


Portland, OR - Gateway
$44,875,000 USD
503-946-4913
, Portland, OR for Sale
$44,875,000 USD
Retail - FOR SALE
1/6
null | 7.25% Cap Rate

Gateway Shopping Center
Portland, OR
Gateway


HIGHLIGHTS

  • Dominant, Regional Draw Shopping Center – Gateway Shopping Center is a 96% occupied, ±293,259 SF grocery-anchored power center
  • Strong Tenant History and Retention – Property-wide, 92% of the in-place GLA has operated at this location for over 12 years
  • Outstanding NOI and CAGR Growth – the NOI is projected to increase by $1,844,153 (±57) over the anticipated 10-year hold period, producing a 4.6% CAGR

OVERVIEW

* Dominant, Regional Draw Shopping Center – Gateway Shopping Center is a 96% occupied, ±293,259 SF grocery-anchored power center strategically located at the junction of I-205 (±142,400 CPD) and I-84 (±73,200 CPD). Anchored by Fred Meyer, Ross Dress for Less, and Office Depot * Former Kohl’s Opportunity – The former ±75,040 SF Kohl’s parcel is available together or separately from the remainder of Gateway Shopping Center. On its own, the ±6.42 acre parcel offers investors a blank canvas opportunity to re-tenant the space and/or a reposition/redevelopment opportunity – Please contact Brokers to discuss this portion of the offering * Retail Hub Location – Strategically located just off the I-205 and I-84 Junction with over 172,000 residents ($109,761 AHI) within 3 miles, Gateway Shopping Center is among the dominant retail hubs in the greater area, benefiting from surrounding retailers including WinCo Foods, McDonald’s, Arco, and more * Strong Tenant History and Retention – Property-wide, 92% of the in-place GLA has operated at this location for over 12 years, including Fred Meyer, Ross, Office Depot, Carl’s Jr, Applebee’s, Edward Jones, Jamba Juice, Great Clips, GameStop, and others * Outstanding NOI and CAGR Growth – Through lease-up of vacant space, embedded rental increases, and below-market rents rolling to market, the NOI is projected to increase by $1,844,153 (±57) over the anticipated 10-year hold period, producing an attractive 4.6% CAGR

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 Policy.