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Greenburg Road Center 10765 SW Greenburg Rd 10,470 SF 100% Leased Retail Building Tigard, OR 97223 $4,010,000 ($383.00/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- ???????Top Anchor: 7-Eleven ranks top 11% nationally (Placer.ai); strong commuter traffic.
- Efficient Site: Excellent access, ample parking, strong performance.
- Excellent Access: Direct Hwy 217 link; high regional exposure.
- Stable Income: 100% leased; 6.9-yr WALT with daily-needs tenants.
- Rent Upside: Rents at/below market; re-lease growth potential.
- Dense Trade Area: 140K+ within 3 miles; strong daytime traffic. Next to Washington Square Mall & Cascade Plaza.
EXECUTIVE SUMMARY
Greenburg Road is a 10,470 SF neighborhood retail strip center located in Tigard, Oregon, within the WSM trade area, which draws approximately 10 million annual visits (per Placer.ai), and Cascade Plaza, two of the metro’s largest and most established retail destinations. The Property sits within Washington County—one of the Portland MSA’s most affluent and business-friendly submarkets—offering immediate access to Highway 217 (96k VPD) and the Nimbus Avenue employment corridor, which supports an estimated population of 140k within three miles.
The Property is fully leased to 7-Eleven, Subway, and Allied Health, and has maintained 100% occupancy for more than 10 years with a weighted average lease term (WALT) of 6.9 years. Anchored by 7-Eleven (top 11% nationally by performance per Placer), the tenancy reflects a durable mix of daily needs and service-oriented uses. Subway provides national QSR stability, while Allied Health is a medical tenant with limited relocation alternatives and demonstrated renewal appetite. Current NOI is approximately $261,000 annually, with rents slightly below market and a basis under $400/SF in a premier Washington County trade area.
The Property is offered at $4,010,000, representing a 6.50% cap rate.
The Property is fully leased to 7-Eleven, Subway, and Allied Health, and has maintained 100% occupancy for more than 10 years with a weighted average lease term (WALT) of 6.9 years. Anchored by 7-Eleven (top 11% nationally by performance per Placer), the tenancy reflects a durable mix of daily needs and service-oriented uses. Subway provides national QSR stability, while Allied Health is a medical tenant with limited relocation alternatives and demonstrated renewal appetite. Current NOI is approximately $261,000 annually, with rents slightly below market and a basis under $400/SF in a premier Washington County trade area.
The Property is offered at $4,010,000, representing a 6.50% cap rate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,470 SF
Building Class
C
Year Built
1978
Price
$4,010,000
Price Per SF
$383.00
Cap Rate
6.50%
NOI
$260,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
MUE
Parking
62 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
270’ on Greenburg Rd
AMENITIES
- Pylon Sign
- Signage
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,168,170 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,168,170
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Greenburg Road Center | 10765 SW Greenburg Rd
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