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.