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9009 SW Hall Blvd
Tigard, OR 97223
Macy's · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Macy’s Furniture Gallery has operated at this location for nearly 20 years, ranks in the top 10% of furniture stores nationwide by visits (Placer.ai)
- Positioned minutes from one of Oregon’s top-performing regional malls, which draws over 10 million annual visits per Placer.ai
- Direct frontage on SW Hall Blvd (±20,000 VPD) with immediate access to Highway 217 (±107,400 VPD).
- Lease expiration in early 2028 with four 5-year options, each featuring 10% rent bumps
- 50,808 SF two-story building on a 2.49-acre MUC-zoned parcel in a supply-constrained submarket, flexible zoning
- At $247/SF, the offering provides a favorable entry point for a large format infill retail asset in a supply-constrained submarket.
Résumé de l'annonce
Northmarq is pleased to present the opportunity to acquire a single-tenant Macy’s Furniture Gallery strategically located along SW Hall Blvd (±20,000 VPD), a primary retail corridor serving the Portland MSA. The two-story, 50,808 SF asset sits on a 2.49-acre infill parcel with direct connectivity to Highway 217 (±82,000 VPD) and immediate proximity to Washington Square, one of the highest-performing super-regional malls in the Pacific Northwest, generating over 10 million annual visits per Placer.ai. See page 10 for a detailed overview of Washington Square Mall.
The Property is offered at a 7.00% cap rate on a NNN lease structure, minimizing landlord responsibilities. With four (4) 5-year renewal options carrying 10% rent bumps, the asset offers meaningful upside upon lease extension. The surrounding submarket reports vacancy of approximately 3%, reflecting a deeply supply-constrained retail environment with strong long-term residual value.
The Property is offered at a 7.00% cap rate on a NNN lease structure, minimizing landlord responsibilities. With four (4) 5-year renewal options carrying 10% rent bumps, the asset offers meaningful upside upon lease extension. The surrounding submarket reports vacancy of approximately 3%, reflecting a deeply supply-constrained retail environment with strong long-term residual value.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Grand magasin
Taille du bâtiment
50 808 pi²
Classe d’immeuble
B
Année de construction
1988
Prix
17 671 919 $ CAD
Prix par pi²
347,82 $ CAD
Taux de capitalisation
7%
Revenu net d’exploitation
1 236 937 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,47
Taille du lot
2,49 AC
Zone de développement économique
Oui
Zonage
MUC - Aucune FAR maximale, limite de hauteur de 200 pieds
Stationnement
129 places (2,54 places par 1 000 pi² loué)
Impôts fonciers
| Numéro de lot | R1475674 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 12 950 125 $ CAD |
Impôts fonciers
Numéro de lot
R1475674
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
12 950 125 $ CAD
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
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