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2444-2502 Powell BlvdGresham, OR 97080
Powell Valley Junction
Asset ClassRetail
Square Feet108,639
Parking Spaces: 384 SpacesOccupancy: 100%Land: 10.25 AcresAccess Data Room
Grocery-Anchored Neighborhood Center On A Highly Trafficked Intersection
overview of deal

Overview

Newmark Pacific Retail Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Powell Valley Junction (the “Property”), a fully leased, grocery-anchored neighborhood center in Gresham, Oregon.

 

Comprising 108,639 square feet, Powell Valley Junction is anchored by Walmart Neighborhood Market and features a diverse mix of national tenants including Planet Fitness, O’Reilly Auto Parts, Sherwin Williams, and CosmoProf among others. The Property is ideally positioned at the highly trafficked intersection of Powell Boulevard and Mount Hood Highway, providing visibility and access to over 53,000 vehicles per day.

 

Powell Valley Junction represents the rare opportunity to acquire a stabilized, grocery-anchored neighborhood center in a premier Portland suburb.

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Investment Highlights

  • Premier Grocery-Anchored Asset In Established Gresham Community
  • Highly Trafficked Intersection With Access To Over 53,000 Vehicles Per Day
  • Diverse Tenant Roster With Strong Credit And Term
  • Strong Recent Leasing Performance With Noi Enhancement Opportunities
  • Tremendous Retail Market Fundamentals
  • Robust Demographic Profile And Spending Power
2444-2502 Powell BlvdGresham, OR 97080

Sales Team

Nicholas BicardoVice Chairman, Head of Retail Capital Markets Northern California(415) 445-5172nicholas.bicardo@nmrk.com
Conor LalorPresident, Head of Retail Capital Markets(404) 956-3295conor.lalor@nmrk.com
Nick KuchaVice Chairman, Pacific Northwest Capital Markets(503) 972-5522nick.kucha@nmrk.com
Dan BozichPresident of Brokerage(503) 228-3080dbozich@urbanworksrealestate.com
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Listing provided by Revere CRE