Paulina Square
Retail | 14,674 SqFt
Marketing description
Paulina Square presents a rare opportunity to acquire a high-visibility retail center on Bend’s dominant commercial corridor, South Highway 97, shadow-anchored by Fred Meyer. The center totals 14,674 square feet, featuring an 11,152 SF anchor space that offers a unique opportunity for an owner-user to secure a highly visible large-format box.
The anchor space, currently occupied by Big 5 Sporting Goods, can be made available for occupancy within 6 months, providing a clear path for an owner-user to take control of the space. The space is also being offered for lease at $2.05/SF NNN, presenting an opportunity for an investor to re-tenant the anchor with a large-format user.
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 users seeking to control their footprint in Bend’s expanding retail corridor.
Investment highlights
- Anchor space available for owner-user upon Big 5 lease expiration
- Commercial General (CG) zoning allows a wide range of retail uses
- Chance to re-lease anchor space at market rents or reconfigure tenancy
- 48 onsite spaces deliver a 3.27/1,000 SF ratio supporting high customer turnover
- Well-maintained with professional oversight and minimal deferred maintenance
- Bend is among Oregon’s fastest-growing cities with strong retail demand
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