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1300-1410 Mohawk Blvd
Springfield, OR 97477
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Mix of Gross Leases and NNN Leases
- Below Market Rents
- High Barrier to Entry
EXECUTIVE SUMMARY
MARCUS & MILLICHAP’S THE GARSKE GROUP HAS BEEN EXCLUSIVELY
CHOSEN TO MARKET NORTHGATE SHOPPING CENTER in Springfield,
Oregon, is a well-positioned retail hub encompassing two parcels totaling
30,728 square feet on a 2.40-acre lot along Mohawk Boulevard. The center
benefits from excellent visibility with nearly 17,000 vehicles passing daily
and is shadow anchored by Walgreens, while nearby national retailers
such as McDonald’s, Starbucks, Dollar Tree, and Walmart help drive
consistent foot traffic. Ample on-site parking and multiple points of
ingress and egress ensure convenient access for both tenants and visitors.
The shopping center features a diverse mix of tenants, including popular
restaurants, service providers, and specialty shops like Wingstop, Northgate
Hair Care, Suds ’Em, and All In One Smoke Shop, creating a vibrant community focused environment. Many tenants have lease expirations extending as far as
2030, providing long-term stability for the center. With its strategic location,
high customer volume, and comprehensive amenities, Northgate Shopping
Center serves as a premier neighborhood retail destination, offering both
convenience and variety to shoppers across Springfield.
CHOSEN TO MARKET NORTHGATE SHOPPING CENTER in Springfield,
Oregon, is a well-positioned retail hub encompassing two parcels totaling
30,728 square feet on a 2.40-acre lot along Mohawk Boulevard. The center
benefits from excellent visibility with nearly 17,000 vehicles passing daily
and is shadow anchored by Walgreens, while nearby national retailers
such as McDonald’s, Starbucks, Dollar Tree, and Walmart help drive
consistent foot traffic. Ample on-site parking and multiple points of
ingress and egress ensure convenient access for both tenants and visitors.
The shopping center features a diverse mix of tenants, including popular
restaurants, service providers, and specialty shops like Wingstop, Northgate
Hair Care, Suds ’Em, and All In One Smoke Shop, creating a vibrant community focused environment. Many tenants have lease expirations extending as far as
2030, providing long-term stability for the center. With its strategic location,
high customer volume, and comprehensive amenities, Northgate Shopping
Center serves as a premier neighborhood retail destination, offering both
convenience and variety to shoppers across Springfield.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,728 SF
Building Class
B
Year Built/Renovated
1962/2012
Price
$8,556,990 CAD
Price Per SF
$278.48 CAD
Cap Rate
7.10%
NOI
$607,546 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.40 AC
Zoning
MUC
Parking
120 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $2,780,395 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,780,395 CAD
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