15387-15391 Bangy Rd
Lake Oswego, OR 97035
Trader Joe's Retail Property · Retail Property For Sale

The subject property is ideally located with excellent access and visibility with I-5 frontage along Bangy Road (5,555 AADT) near its its with Bonita Road (13,850 AADT) and the I-5 junction (159,400 AADT). The site benefits from robust demographics with a total daytime population of 282,222 within 5 miles of the site. The annual growth rate within 1 mile of the site is 1.17%, and average household income within that radius exceeds $122,080, with 49% of households earning more than $100,000 annually. Average home value within a 1 mile radius is $537,474, one and a half times the median statewide. The area additionally benefits from excellent educational attainment, with nearly 60% of the population within a 1 mile radius having earned a Bachelor’s degree or higher. The property benefits from a prominent location within a dense retail and commercial corridor neighboring numerous shopping centers, business parks, employers, and schools. Retail centers neighboring the site include Bridgeport Village, with major tenants including Whole Foods Market, Crate & Barrel, REI, Saks Off 5th, and more; Nyberg Rivers, anchored by New Seasons Market, Cabela’s, Homegoods, LA Fitness, and Michaels; Nyberg Woods, featuring Best Buy, PetSmart, and ULTA Beauty as tenants; Meridian Square, anchored by Dick’s Sporting Goods and Safeway; Tulatin South, anchored by TJ Maxx and Petco; Tigard Plaza, with tenants including JoAnn’s Fabrics; Progress Plaza, anchored my Grocery Outlet; Washington Square, featuring Target and Dick’s Sporting Goods, and more. Other major retail tenants in the surrounding area include Walmart Supercenter, Costco, Fred Meyer, Albertsons, Rite Aid, Home Depot, Lowe’s, and more. Major employers with offices in the surrounding area include Trane, Oregon Occupational Health and Safety Association, Tyco SimplexGrinnell, Thermal Supply, Royal Vending, Traveler’s Insurance, Old Republic Title, the Better Business Bureau, Yakima Products Inc, TAP Plastics, Sterling Communications, Lawyers Title, Quality Custom Distribution, Coca-Cola USA, Pacific Star Communications, Gameday Media, Chemwest Systems Inc, Performance Systems Integration, Reddaway, Teradyne, Biotronik, Williams Controls, Poly-Cast, Conduent, HealthNet Plan of Oregon, InFocus Corporation, Power Engineers, Oregon Public Employees Retirement System, Gerber Gear, Navex Global, Vesta Corporation, Umpqua Bank Home Lending, Geoengineers Inc, and more. In addition, the property is located approximately 2 miles from the Sylvania Campus of Portland Community College, the largest campus in the Portland Community College system with nearly 28,000 students enrolled. The site is approximately 2.5 miles from Legacy Meridian Park Medical Center, a 112-bed hospital employing more than 900, and just less than 3 miles from the Tualatin offices of Kaiser Permanente.