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33555986
33555987

140 Northwest Burnside Road, Gresham, OR 97030

SR
OR 201233666, CA 02101543 (+42)
ParaSell Inc
KF
CA 01321833
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group
Unpriced
0 days on market
Updated 0 days ago
Opportunity zone

Wunderland & Shops | Gresham, OR

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 73,386
Net Rentable (SqFt) 73,386
NOI $1,185,450
Occupancy 94%
Tenancy Multi
Lease Type NNN
Year Built 1973
Acreage 6.460
Ground Lease No

Anchored by Wunderland, the Dominant Portland MSA Family Entertainment Destination

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/49ZKNsJ

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)

Listing Contacts

SR
OR 201233666, CA 02101543 (+42)
ParaSell Inc
KF
CA 01321833
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group

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$1,185,450.00
$98,787.50/mo

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Additional Information

Name
Scott Reid
License
201233666
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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