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Investment Highlights

  • Top-Performing Asset Ranked in the top 9% most trafficked in the strip/convenience category nationwide per Placer.ai
  • 85% of current tenants have operated in the center for at least 8 years
  • Over 60 years of operating history, with 5 locations concentrated in the Portland market
  • 96% national and regional credit tenants
  • Anchor Tenant: Wunderland State-of-the-art European-designed electric go-kart racing, laser tag, theater and over 100 arcade
  • Top 5% most trafficked attractions nationwide; #1 of 5 locations within the chain, per Placer.ai

Executive Summary

Gresham Square is a 86,000 SF center that has maintained high occupancy with minimal turnover. The western portion of the plaza is strategically
upgraded for medical, professional, and finance tenants, and is complemented by a mix of national food operators and retail and service-oriented
tenants. It benefits from strong visibility and prominent frontage along a high-traffic corridor, recently upgraded common areas and modern facades.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
85,881 SF
Building Class
B
Year Built/Renovated
1973/2017
NOI
$1,821,503
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
8.72 AC
Opportunity Zone
Yes
Zoning
CC
Parking
403 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
805’ on SE Burnside

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Administrative and Support Services
  • -
  • -
  • Triple Net
  • -

Express Employment Professionals began in 1983 as a staffing business and expanded through franchising in 1985. The company connects job seekers with full-time, part-time, temporary, and direct-hire roles while helping employers fill office services, light industrial, skilled trades, healthcare, and professional positions. Express Employment Professionals operates through locally owned franchise offices supported by shared international resources, and the brand has grown into a broad staffing network with a presence across the U.S. and several other countries. The company's market presence centers on employment placement, workforce solutions, and franchise-based staffing services for businesses and job seekers.

  • Gresham Cinema & Wunderland
  • Information
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • Triple Net
  • -

JR Furniture is a family owned business that was founded by the Rai brothers back in 1980. Named after their father, first location was in Surrey, British Columbia Canada and consisted of 15,000 square feet of elegant and contemporary showroom. Past forward 30+ years, it continues to be a family owned business with over 13 locations; where four are located in Canada, five in the state of Washington, and four in Oregon. With a total of 400,000+ square feet of beautiful showroom, JR Furniture is one of the largest furniture stores in the United States and Canada today.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Kaiser Permanente is one of the nation’s largest not-for-profit health plans. At Kaiser Permanente, physicians are responsible for medical decisions. The Permanente Medical Groups, which provide care for Kaiser Permanente members, continuously develop and refine medical practices to help ensure that care is delivered in the most efficient and effective manner possible. Founded in 1945, Kaiser Permanente headquartered in Oakland, California, comprises: Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and its subsidiaries, and The Permanente Medical Groups.

  • Services
  • -
  • -
  • -
  • -

Max Nails brings you a New Brand of salon, a uniquely vibrant and relaxed environment with a modern luxurious feel back to our industry. We have an exclusive vision to recognize and re-establish what the industry has been lacking for many years. Our priority is to make our clients feel pampered and relaxed while getting beautified here at our salon. We will maintain our progressiveness and edginess by creating the latest trends and offering an unforgettable experience throughout your stay with us. You belong here, you belong in luxury, you deserve pampering and excellence. We make it our core commitment to provide a comforting yet professional ambiance, while preserving the luxurious and modern salon etiquette. Our salon is proud to have passionate and diverse expert technicians always ready to service you. Thank you for choosing us for your beauty care!

  • Retailer
  • -
  • -
  • -
  • -

Plato’s Closet is a leading retail franchise specializing in gently used, trendy apparel and accessories for teens and young adults. Founded in 1998 and operated under Winmark Corporation (NASDAQ: WINA), Plato’s Closet has grown to over 480 locations across North America. The brand empowers consumers to buy and sell stylish clothing in a sustainable, affordable way, making fashion accessible while promoting recycling and reducing waste in the fashion industry.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Providence is a privately held, nonprofit Catholic health system headquartered in Renton, Washington. Founded by the Sisters of Providence in 1859 and later merged with St. Joseph Health in 2016, the organization provides acute care, physician clinics, hospice, home health, and supportive housing across Alaska, California, Montana, New Mexico, Oregon, Texas, and Washington. The network comprises 51 hospitals and over 1,000 clinics serving millions of patients annually. Providence is noted for integrating digital health and expanding virtual care services. Rated “A” by Fitch in 2025, it remains financially stable while pursuing operational efficiency, community benefit programs, and workforce redesign. The organization retains its religious sponsorship and nonprofit mission under Providence Ministries.

  • Rockwood CDC
  • -
  • -
  • -
  • Triple Net
  • Sep 2026
  • The Brass Eagle Barber Shop
  • -
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -
  • -

One of the original off-price retailers, Tuesday Morning is a leading destination for unique home and lifestyle goods. They specialize in name-brand, better/best products for the home. They are known for irresistible finds at an incredible value and search the world for amazing deals to bring to their customers. They are a true closeout retailer, selling high-quality products at prices below those found in boutique, specialty and department stores. Their customers come to them for an exceptional assortment of brand names at great prices. Their primary merchandise mix includes luxury home textiles, home furnishings, housewares and seasonal décor.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Administrative and Support Services - - Triple Net -
Gresham Cinema & Wunderland Information - - - -
Retailer - - Triple Net -
Health Care and Social Assistance - - - -
Services - - - -
Retailer - - - -
Health Care and Social Assistance - - - -
Rockwood CDC - - - Triple Net Sep 2026
The Brass Eagle Barber Shop - - - - -
Retailer - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 16,707 SF
  • Retail
  • End Cap
  • Now

Under New Ownership • Renovated Facade • High visibility and multiple access points • Abundant Parking—426 spaces • Excellent Signage • New landscaping, lighting, common area improvements and signage

  • 1st Floor
  • 4,420 SF
  • Office/Retail
  • -
  • Now
  • Anchor
  • 37,566 SF
  • Retail
  • -
  • 30 Days

• Under New Ownership • Renovated Facade • High visibility and multiple access points • Abundant Parking—426 spaces • Excellent Signage • New landscaping, lighting, common area improvements and signage

Space Size Space Use Position Available
1st Floor 16,707 SF Retail End Cap Now
1st Floor 4,420 SF Office/Retail - Now
Anchor 37,566 SF Retail - 30 Days

1st Floor

Size
16,707 SF
Space Use
Retail
Position
End Cap
Available
Now

1st Floor

Size
4,420 SF
Space Use
Office/Retail
Position
-
Available
Now

Anchor

Size
37,566 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size 16,707 SF
Space Use Retail
Position End Cap
Available Now

Under New Ownership • Renovated Facade • High visibility and multiple access points • Abundant Parking—426 spaces • Excellent Signage • New landscaping, lighting, common area improvements and signage

Anchor

Size 37,566 SF
Space Use Retail
Position -
Available 30 Days

• Under New Ownership • Renovated Facade • High visibility and multiple access points • Abundant Parking—426 spaces • Excellent Signage • New landscaping, lighting, common area improvements and signage

Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100

Nearby Major Retailers

Natural Grocers
KeyBank
Columbia Bank
Dutch Bros
Red Lobster
Applebee's
Black Bear Diner
LA Fitness
Orangetheory Fitness
Starbucks

Property Taxes

Property Taxes

Parcel Number
R337315
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,425,650
  • Listing ID: 40792330

  • Date on Market: 6/4/2026

  • Last Updated:

  • Address: 40-360 NW Burnside Rd, Gresham, OR 97030

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