Wunderland & Shops | Gresham, OR
Anchored by Wunderland, the Dominant Portland MSA Family Entertainment Destination
Marketing description
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Investment highlights
Top-Performing Asset
– Ranked in the top 9% most trafficked in the strip/convenience category nationwide, per Placer.ai
– 95% national and regional credit tenants; Wunderland, Dutch Bros. Coffee, Plato’s Closet,
Kaiser Permanente Dental Office, Edward Jones, Vancouver Clinic with Humana, and Providence
Rehabilitation Services
– 86% of current tenants have operated in the center for at least 8 years, demonstrating exceptional
long-term retention
– Healthcare-anchored tenant mix; three medical and health service tenants provide recessionresistant
income and long-term lease stability consistent with net lease investment fundamentals
– Structured rent growth throughout; most leases include rental increases, providing a hedge
against inflation
– Raising Cane’s, Key Bank and Red Lobster are not included in the offering, but drive additional traffic to the center
Anchor Tenant: Wunderland
– Wunderland, a family owned, Oregon entertainment landmark, offers a clean, fun and safe environment; nearly all residents that have grown up in the state
have visited for a birthday party, event, or just to get out of the house during the long rainy seasons
– The Gresham location is their largest and most profitable
– The venue offers a state-of-the-art European-designed electric go-kart racing with banked turns, top rated laser tag, theater and over 100 modern and
nostalgic games; all based on nickel-based pricing
– Over 60 years of operating history, with 5 locations concentrated in the Portland market
– Occupies 38,285 SF at $12.69/SF, well below replacement cost for a family entertainment buildout of this scale
– Successfully operated at the center since 2010; in 2026, the tenant extended its lease through 2034 and completed its 3rd expansion at the property, with the
most recent expansion increasing rent by 2.5% annually; demonstrating strong and ongoing commitment to the location
– Ranked in the top 5% most trafficked attractions nationwide and #1 of 5 locations within the chain, per Placer.ai
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, with approximately 110,000 residents and a median household income of
$78,000
– Approximately 235,000 residents with an average household income of $100,000 within a 5-mile
radius
– 34% of households have children under 18, the core demographic for Wunderland’s entertainment
concept and the center’s family-service tenant mix
– The Portland MSA supports a $218 billion economy that has grown 59% over the past decade,
anchored by Nike, Intel, Providence Health & Services, and Oregon Health & Science University;
Portland is known as the “Silicon Forest” for its concentration of technology, advanced manufacturing, apparel,
bioscience, clean tech, and healthcare employers
– Fronts Burnside Road, the main retail thoroughfare connecting suburban Gresham to downtown Portland, at a signalized intersection with 50,000 cars per day
– Adjacent to Gresham High School (1,600 students)
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