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328 NW Burnside Rd
Gresham, OR 97030
Wunderland & Shops | Gresham, OR · Retail Property For Sale
Investment Highlights
- Ranked in the top 9% most trafficked in the strip/convenience category nationwide, per Placer.ai
- Structured rent growth throughout; most leases include rental increases, providing a hedge against inflation
- Wunderland, a family owned, Oregon entertainment landmark, offers a clean, fun and safe environment
- 86% of current tenants have operated in the center for at least 8 years, demonstrating exceptional long-term retention
- Raising Cane’s, Key Bank and Red Lobster are not included in the offering, but drive additional traffic to the center
- The Gresham location is their largest and most profitable
Executive Summary
Anchored by Wunderland, the Dominant Portland MSA Family Entertainment. Destination with a 60-Year Operating History; Recent Long-Term Lease Extension | Top 9% Most Trafficked in Strip/Convenience Category Nationwide (Placer.ai) | 95% National/Regional Credit Tenants | 86% of Tenants Have Operated at the Center for at Least 8 Years | Portland MSA; 235,000 Residents, $100,000 AHHI within 5 Miles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
73,386 SF
Building Class
B
Year Built
1973
NOI
$1,185,450
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
6.46 AC
Opportunity Zone
Yes
Zoning
DCL
Frontage
64’ on Burnside Rd
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | R337315 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,425,650 |
Property Taxes
Parcel Number
R337315
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,425,650
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