Listed by ParaSell Inc, Hanley Investment Group
Unpriced
Gresham Shopping Square | Gresham, OR
Details
Property Type Retail
Sub Type Storefront
Square Footage 85,881
Net Rentable (SqFt) 85,881
NOI $1,801,523
Occupancy 95%
Tenancy Multi
Lease Type NNN
Year Built 1973
Acreage 8.720
Ground Lease No
Top 9% Most Trafficked in Strip/Convenience Category Nationwide (Placer.ai)
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/GreshamShoppingCenter
Investment highlights
- Top-Performing Asset
- Ranked in the top 9% most trafficked in the strip/convenience category nationwide per Placer.ai
- 96% national and regional credit tenants
- 85% of current tenants have operated in the center for at least 8 years
- Anchor Tenant: Wunderland
- State-of-the-art European-designed electric go-kart racing, laser tag, theater and over 100 arcade
- Over 60 years of operating history, with 5 locations concentrated in the Portland market
- Successfully operated at the center since 2010; in 2026, the tenant extended its lease through 2034 and completed its 3rd expansion at the property
- Top 5% most trafficked attractions nationwide; #1 of 5 locations within the chain, per Placer.ai
- Three Single-Tenant Pads Included in the Offering with a Break-Up Opportunity of Selling Raising Cane’s & Red Lobster as Individual Investments
- Raising Cane’s Chicken Fingers — Absolute NNN Ground Lease
- New 15-year corporate lease with 10% increases every 5 years
- Only drive-thru Raising Cane’s in Oregon; 2nd location in the state
- Red Lobster — Single-Tenant Absolute NNN
- World’s largest seafood casual dining chain; with 500 U.S. locations
- 35-year operating history at this location (since 1991); executed a new 15-year lease in 2021, with 10 years remaining on the current term
- Strong reported gross sales; ranks near the top in chain performance
- #1 of 5 most visited Red Lobster in Oregon; top 15% in the chain nationwide, per Placer.ai
- Dutch Bros. Coffee (NYSE: BROS)
- Operates over 1,800 locations across 25 states, with plans to open 180 new stores in 2026
- Low rent
- Top 6% most trafficked Dutch Bros. locations in Oregon, per Placer.ai
- Raising Cane’s Chicken Fingers — Absolute NNN Ground Lease
- Exceptional Market & Trade Area Fundamentals
- Dense Portland MSA location; Gresham is the 4th most populous city in Oregon and the 2nd largest city in the Portland MSA
- 235,000 residents with $100,000 AHHI within a 5-mile radius
- Fronts Burnside Road, the main retail thoroughfare connecting suburban Gresham to downtown Portland, at a signalized intersection with 50,000 VPD
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,801,523.00
$150,126.92/mo
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