Retail    

Schoolhouse Square

 Keizer, Oregon

Asking Price

$13,750,000

Cap Rate

7.90%

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Price PSF

$146/SF

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LIRR

14.48%

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Avg HHI

$87,000

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Rentable SF

93,964 SF

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Strong Tenant

Long-Term Lease

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Bi-Mart (dba Cascade Farm and Outdoor) anchor lease through 2039.
  • Offered well below replacement cost, at $146 PSF.
  • Fully stabilized and strong year one cash on cash return.
  • Low-cost rent provider averaging $12.12 PSF rents within an extremely tight submarket.
  • New leases or extensions in place for 99% of the GLA since 2016.
  • Balanced rollover schedule with only one tenant rolling one lease expiration in the first year.
  • Multiple debt options available to meet needs of a buyer.

Exclusively Listed By

Sean Tufts

Managing Director, Investment Sales
  seantufts@northmarq.com      206.693.3352

Kevin Adatto

Managing Director, Investment Sales
  kadatto@northmarq.com      503.675.7726
OR Lic. #200003168

Scott Frank

Senior Vice President, Investment Sales
  sbfrank@northmarq.com      503.675.8383
OR Lic. #980400138

Joe Dugoni

Associate, Investment Sales
  jdugoni@northmarq.com      206.693.3329

Michael Salzman

Senior Vice President, Debt & Equity
  msalzman@northmarq.com      303.225.2111

Patrick O'Malley

Vice President, Debt & Equity
  pomalley@northmarq.com      303.225.2126

Jared Wiedmeyer

Transaction Manager, Debt & Equity
  jwiedmeyer@northmarq.com      303.225.2110

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4260 Galewood St
Lake Oswego, OR 97035


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