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33865958
33865951

12196 Southwest Main Street, Tigard, OR 97223

EG
OR 201235586
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland
$1,100,000
13 days on market
Updated 13 days ago
Opportunity zone

12196 Southwest Main Street

Details
Property Type Retail
Square Footage 5,000
Net Rentable (SqFt) 5,000
Units 27
Cap Rate 6.35%
NOI $69,835
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class C
Year Built 1970
Year Renovated 2025
Acreage 0.450
Investment Type Value Add
Ground Lease No

100% Leased Retail Investment | Value-Add Investment

Marketing description

MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET MAIN STREET RETAIL CENTER in Tigard is a 5,000 SF neighborhood retail property situated on 0.45 acres across two parcels in the heart of the city’s revitalized downtown district. Originally built in 1970 and renovated in 2025, the property features a newly applied acrylic roof coating and a diverse tenant mix consisting of a food cart, Mexican restaurant, wine bar, and health food restaurant, providing a variety of dining options that appeal to a broad customer base. Strategically located just off Main Street and near Pacific Highway (99W), one of Tigard’s primary commercial corridors with traffic counts exceeding 38,000 vehicles per day, the center benefits from exceptional visibility, accessibility, and consumer exposure. The property also offers ample on-site parking, multiple points of ingress and egress, and prominent signage, enhancing convenience for both tenants and customers. Surrounded by major national retailers and everyday amenities including McDonald’s, United States Postal Service, Costco, Walmart, and Dollar Tree, the property is well positioned within a thriving commercial corridor that continues to attract residents, visitors, and local businesses alike.

Investment highlights

Value Add Retail Investment

New 20 Year Roof with Transferable Warranty

Growing Portland MSA Sub Market

Listing Contacts

EG
OR 201235586
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$69,835.00
$5,819.58/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

Map

Zoning

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MU-CBD CommercialSpecial CommercialMixed Use Central Business District
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View all 27 uses
View all 27 uses
Last updated Dec 29, 2025 For deeper zoning details, reports are available at Zoneomics

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Property History

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