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Centerpointe Shops 4 Retail Properties in Lake Oswego, OR
Investment Highlights
- TROPHY TRADE AREA – Surrounded by SW Portland’s highest-income households, with average HHI above $164,000 within one mile.
- E-COMMERCE-RESISTANT TENANCY – 100% of leased space is dedicated to food, service, and experience-driven uses.
- SUPPLY-CONSTRAINED MARKET – Retail vacancy of 2.5% with no new or proposed construction.
- IRREPLACEABLE KRUSE WAY LOCATION – Signalized Kruse Way frontage at the gateway to Lake Oswego, with immediate access to I-5 and Highway 217.
- BELOW-MARKET RENTS – Select leases are below market, providing embedded mark-to-market upside.
Executive Summary
Palmer Capital is pleased to present Centerpointe Shops, a four-building, multi-tenant retail center anchored by the flagship Oswego Grill alongside Chipotle, Starbucks, and FedEx Office. The Property fronts Kruse Way at the I-5 interchange, occupying the primary gateway into Lake Oswego, one of the region’s most exclusive communities.
The center sits at the entrance to the Kruse Way office corridor, the region’s premier suburban office market, drawing from 55,000+ daytime employees and a dense, high-income residential trade area. Tenancy is entirely food, service, and experience-driven, generating overlapping visitation across the full business day and into the evening and weekend.
With a 9+ year weighted average lease term, tenants occupying 64% of th ecenter for more than a decade, and select leases below market, Centerpointe Shops offers durable income and embedded mark-to-market upside in a supply constrained corridor with no new retail construction.
The center sits at the entrance to the Kruse Way office corridor, the region’s premier suburban office market, drawing from 55,000+ daytime employees and a dense, high-income residential trade area. Tenancy is entirely food, service, and experience-driven, generating overlapping visitation across the full business day and into the evening and weekend.
With a 9+ year weighted average lease term, tenants occupying 64% of th ecenter for more than a decade, and select leases below market, Centerpointe Shops offers durable income and embedded mark-to-market upside in a supply constrained corridor with no new retail construction.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 19,489 SF |
| Number of Properties | 4 | Total Land Area | 5.14 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 19,489 SF |
| Total Land Area | 5.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg C
8 Centerpointe Dr, Lake Oswego, OR 97035 |
Retail | 5,852 SF | 2005 | - |
| 7 Centerpointe Dr, Lake Oswego, OR 97035 | Retail | 4,814 SF | 1996 | - |
|
Bldg B
9 Centerpointe Dr, Lake Oswego, OR 97035 |
Retail | 4,600 SF | 2005 | - |
|
Bldg A
10 Centerpointe Dr, Lake Oswego, OR 97035 |
Retail | 4,223 SF | 2005 | - |
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Centerpointe Shops