Unitus Community Credit Union & Akira Sushi
100% leased two-tenant retail pad at Gresham Town Fair
Marketing description
This offering is Condominium Unit 17 of the Gresham Town Fair Condominium — the freestanding building occupied by Unitus Community Credit Union and Akira Sushi. The buyer acquires fee-simple title to the unit and 100% of its income, plus a proportionate undivided interest in the center’s shared common elements (parking, drive aisles, landscaping, master insurance).
Gresham Town Fair is an 18-unit commercial condominium under the Oregon Condominium Act, run by an owners’ association. Each owner holds its building and a pro-rata share of the common areas, governed by recorded CC&Rs and a reciprocal easement agreement.
Investment highlights
• 100% leased, two-tenant retail pad within Gresham Town Fair — a ±264K SF community shopping center.
• NNN structure — both tenants reimburse CAM, property taxes, and insurance; landlord responsibility is limited to roof, structure, and common areas.
• Unitus Community Credit Union, an 85+ year Oregon-based institution with ~$1.8B+ in assets, is in place through February 2029 and holds a center exclusive.
• Akira Sushi signed a brand-new 10-year lease backed by a personal guaranty from a multi-unit operator (four-plus Portland-area restaurants), completing a full restaurant buildout.
• Contractual 2.5% annual rent increases across both tenants.
• Hard-corner position at NW Division St & NW Eastman Pkwy with 25k VPD within an anchor-driven center (Ross, Dick’s Sporting Goods, PetSmart).
• High-density trade area — 235,000+ residents within five miles; walking distance to MAX Light Rail; adjacent to the new East County Library (2026).
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