20000 McLoughlin Blvd 23 520 pi² Commerce de détail Immeuble Gladstone, OR 97027 9 393 254 $ CAD (399,37 $ CAD/pi²) 7,20% Taux de capitalisation

Armstrong Volkswagen presents a rare opportunity to acquire a fully leased, long-standing dealership asset in the Portland MSA. The property spans four parcels along McLoughlin Boulevard in Gladstone, Oregon, totaling 23,520 square feet on 2.07 acres. With a 15-year absolute triple net lease commencing September 2025, investors benefit from zero landlord responsibilities and predictable annual rent escalations tied to CPI.
Strategically located in Clackamas County, the property sits within a dense retail corridor surrounded by national brands such as Walgreens, GMC, Nissan, and Taco Bell. The area boasts strong demographics, with over 81,000 residents within a 3-mile radius and a median household income exceeding $92,000. Portland’s diversified economy, anchored by Nike, Intel, and a growing biotech sector, further enhances the long-term viability of this investment. This asset is ideal for investors seeking a stable, income-producing property with a proven operator, long-term lease security, and minimal management obligations.
Tenant Overview:
Since the 1960s, Donald Woodruff has had a distinguished career in the automotive industry, beginning in Michigan. In 1986, he acquired Armstrong Volkswagen of Gladstone, where he continues as owner. Today Don owns Armstrong Volkswagen, Armstrong Subaru, as well as partial ownership interests in Lexus of Santa Rosa California and Toyota of Santa Rosa California.