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9401 SE 82nd Ave

Portland, OR 97086 · Retail For Sale

Highlights

  • The Shops at Johnson Creek is Located Among Numerous High-Draw Shopping Centers
  • Great Visibility Provided by Major Signalized Intersection of 82nd Avenue & Johnson Creek Blvd
  • Shopping Center includes Corporate Panda Express Location with Drive-Thru

The Offering

  • Listing ID: 16641286
  • Date Created: 7/17/2019
  • Last Updated:

About 9401 SE 82nd Ave , Portland, OR 97086

Shops at Johnson Creek is a three-tenant, net-leased asset located in Happy Valley, OR. The asset is exposed to high traffic passing in front of the center on 82nd Avenue and is one block off the main intersection at Johnson Creek Blvd. It is attractively priced at 7.25% cap rate on current income and is located in Southeast Portland. Major neighboring retailers include Trader Joe's, Home Depot, Fred Meyer and Walgreens. Little management is required as the passive asset is managed by the anchor. Panda Express is on a long-term ground lease with over 12 years remaining, 10% increases every five years, and is paying below market rent. Sportsman's Warehouse is a publicly traded company with 94 stores in 24 states.

Major Tenant Information

Tenant SF Occupied Lease End Date
Sportsman's Warehouse -
Panda Express -
Pizza Schmizza -

Amenities

  • Signage

Transit/Subway

SE Fuller Road Transit Stop
(MAX Green Line)
10 min walk 0.5 mi

Airport

Portland International Airport
21 min drive 12.0 mi

zoning

Zoning Code CC

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