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9401 SE 82nd Ave
Happy Valley, OR 97086
Shops at Johnson Creek · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
48,698 SF
Building Class
B
Year Built/Renovated
1969/2010
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
3.85 AC
Zoning
CC
Parking
223 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
286’ on 82nd Ave
Amenities
- Signage
About 9401 SE 82ND AVE , HAPPY VALLEY, OR 97086
Shops at Johnson Creek is a three-tenant, net-leased asset located in Happy Valley, OR. The asset is exposed to high traffic passing in front of the center on 82nd Avenue and is one block off the main intersection at Johnson Creek Blvd. It is attractively priced at 7.25% cap rate on current income and is located in Southeast Portland. Major neighboring retailers include Trader Joe's, Home Depot, Fred Meyer and Walgreens. Little management is required as the passive asset is managed by the anchor. Panda Express is on a long-term ground lease with over 12 years remaining, 10% increases every five years, and is paying below market rent. Sportsman's Warehouse is a publicly traded company with 94 stores in 24 states.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $11,128,145 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,128,145
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