12091 SE Sunnyside Road, Happy Valley, OR 97086
- $2,680,000
Listing courtesy of Kidder Mathews.
- List Price
- $2,680,000
- Status
- ACTIVE
- MLS#
- 2504602
- Days on Market
- 112
Property Description
Acquire a 100% occupied NNN two-tenant retail investment located in the affluent and rapidly growing community of Happy Valley, Oregon. Since construction in 2016, the property has experienced zero tenant turnover. Both MOD Pizza and Embold Credit Union recently demonstrated their long-term commitment to the location through 10-year and 5-year lease extensions, respectively, each with renewal options and 2-3% annual rent increases, providing investors with durable income growth. The property benefits from a highly visible hard-corner location along a prominent retail corridor with daily traffic counts exceeding 29,000+ VPD. The site sits adjacent to a Safeway-anchored shopping center and in close proximity to Clackamas Town Center, one of the Portland metropolitan area’s dominant regional retail destinations. Located in one of the Portland metro’s most desirable suburban communities, the offering provides investors the opportunity to acquire a stable retail asset supported by strong demographics, continued residential growth, and long-term tenancy.
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Additional Information
- Community
- Oregon
- Style
- 75 - Retail
- Year Built
- 2016
- Potential Terms
- See Remarks
- Flooring
- See Remarks
- Driving Directions
- Use your Smartphone Maps App.
- Energy Source
- See Remarks
- Net Operating Income
- $160,706
- Cap Rate
- 6
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