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16784 SW Edy Rd
Sherwood, OR 97140
Retail Property For Sale


Executive Summary
The Shops at Cedar Creek is a 8,563 SF, three-tenant retail asset positioned within Cedar Creek Plaza, a 59,000 SF mixed-use destination at the signalized corner of Pacific Highway 99W and SW Edy Road in Sherwood, Oregon. The property was constructed in 2018 with Phase II of the broader Cedar Creek Plaza delivering in 2025 and now nearly fully leased, reinforcing tenant demand and center vitality. The building is fully occupied by three complementary tenants—Mud Bay (specialty pet anchor),Guardian Veterinary Care (medical), and Didi's Café (daily-needs restaurant)—each operating under NNN lease structures. The blended tenancy provides a rare combination of credit-like specialty
retail, recession-resistant medical, and food service in one stabilized asset. Surrounding co-tenancy at Cedar Creek Plaza includes Providence Medical, Planet Fitness, Starbucks,
IHOP, The Ackerly Senior Living, and Scenthound, a dog grooming retailer. The 232-space crosseasement parking field provides ample customer access, and the property benefits from direct visibility and signage along 99W
retail, recession-resistant medical, and food service in one stabilized asset. Surrounding co-tenancy at Cedar Creek Plaza includes Providence Medical, Planet Fitness, Starbucks,
IHOP, The Ackerly Senior Living, and Scenthound, a dog grooming retailer. The 232-space crosseasement parking field provides ample customer access, and the property benefits from direct visibility and signage along 99W
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
8,686 SF
Building Class
B
Year Built
2018
Price
$5,290,000
Price Per SF
$609.03
Cap Rate
6.25%
NOI
$330,625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.91 AC
Zoning
RC
Parking
18 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
146’ on Southwest Edy Road
Property Taxes
| Parcel Number | R2207397 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,965,520 |
Property Taxes
Parcel Number
R2207397
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,965,520
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