Retail Business for Sale in Wilsonville, OR

  • Price: $26.4M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Wilsonville, OR 97070

Description

91% LEASED | STABILIZED WELL-LOCATED CENTER WITH MULTIPLE UPSIDE OPPORTUNITIES | FIRST TIME ON MARKET CBRE is pleased to offer to the market the Village @ Main Street, with a mix of local, regional and national retailers set up on a staggered lease schedule. With below-market lease rates, the center presents itself as a value add opportunity with immediate market-rate cash flow. The property is ideally positioned in the heart of Wilsonville, one of Oregon’s fastest-growing cities within the Portland Metro marketplace. Community oriented, the center is laid out campus style encouraging dining and shopping opportunities that lend to each other and is further supported by the Village @ Main Street Apartments sitting directly behind the center, walkable by tenants and containing 464 apartment units and 70 condos. Population and Household growth around the center has increased by more than 30% within a one-mile radius over the past decade. Retail construction within Portland suburban cities, such as this, is lacking. Leasing opportunities and fundamentals in retail are strong supporting this growing population.

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