206-518-9567
, Portland, OR for Sale
Retail - FOR SALE
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Raleigh Hills Plaza
Portland, OR
Raleigh Hills


HIGHLIGHTS

  • Dominant Pacific Northwest Grocery/Drug Anchored Neighborhood Center
  • True Necessity Based Tenant Mix with Strong Historical Occupancy
  • Ideal 1031 Exchange Opportunity
  • Strong Trade Area Demographics

OVERVIEW

Newmark Pacific Retail Capital Markets is pleased to present the opportunity to acquire Raleigh Hills Plaza, a 39,520 SF, 100% occupied grocery/drug anchored neighborhood center in Portland, Oregon. Prime investment opportunity! Anchored by the #1-ranked New Seasons Market out of 21 PNW locations — the chain's original flagship store, open since 2000 — the center delivers exceptional sales productivity well in excess of $1,000 PSF with an ultra-low occupancy cost ratio. Co-tenants Walgreens (drive-thru) and Chevron complete a necessity-based lineup with 25+ years of uninterrupted occupancy. Key Highlights: 39,520 SF | 100% Occupied | Three-Tenant Structure 6.5-Year WALT | ~9 Years Firm Term Remaining on New Seasons Fixed-Rate Options Extending Effective Duration to ~24 Years Average HHI $150,000+ | 3-Mile Radius 24,000+ VPD | Beaverton Hillsdale Highway Parcelization Optionality for Value Arbitrage Ideal 1031 Exchange Candidate Raleigh Hills Plaza represents a rare opportunity to acquire the inaugural flagship of one of the Pacific Northwest's premier grocers in a supply-constrained, high-income submarket.

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Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

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