Hudson Plaza

12930 & 12950 SW Pacific Highway, Portland, OR 97223

  • For Sale $5,695,000
  • Property Type Retail - Strip
  • Property Size 22,896 SF
  • Lot Size 0.75 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1993
  • Date Updated Oct 21, 2024
10 miles South of downtown Portland. 2 miles West of I-5. 1 mile from highway 217.NEW TO MARKET! Introducing a prime investment opportunity in the heart of Tigard, Oregon on Highway 99. Two commercial buildings totaling 22,896 SF, constructed in 1972 and 1993 recently remodeled, offers a lucrative prospect for retail/strip center investors. Zoned CG and boasting a 100% occupancy rate, this fully performing property presents a stable income stream with significant potential for growth. Additional Value-Ad with addition of a food truck pod. The property features a modern design, ample parking, and high visibility, making it an attractive option for retail businesses. With a strong tenant base and a well-maintained structure, this property is an ideal addition to any investment portfolio. Don't miss the chance to capitalize on this outstanding retail real estate opportunity in a sought-after location. Asset Features: 1.    Extensive exterior upgrades with new roofing, paint, siding, landscaping, signage, and resurfaced parking lot. 2.    Wood flooring with high crawl spaces provides TI plumbing flexibility 3.    Two new monument signs. 4.    Meticulously maintained with no delayed maintenance. 5.    No delayed maintenance 6.   HVAC in good repair. 7.   Structures solidly built and easy to maintain. 8.   Very secure location in the more affluent Portland suburbs 9.   Professionally managed 10.   Plans in place for very lucrative food cart pod. 11.   Space in back for value added activity, (no building) 12.   Comcast cable and Zippy fiber 13.   Uses: Office, Retail, Professional Services, Personal Services, Food, Religious and Civic. 14.   Plaza has a good vibe with community feel.The Hudson Plaza offers high visibility professional office & storefront retail space for lease in Tigard with 38,000 vehicles per day. This neighborhood shopping center was recently remodeled inside & out, is move-in ready, and under new ownership. Located on the Highway 99/Pacific Hwy retail corridor, close to shopping, retail, restaurants, fast food, and bus lines, along with easy freeway access. The property offers a safe and friendly environment with well-lit, ample parking and ADA accessibility. Enjoy organic coffee at the convenient on-site shop. Home to Papa Johns, Salon Mariposa, Massage on the Go, Denture Design, and more. Ask about prominent signage, free rent, and customized space improvements, including sinks. Locally owned and independently operated. Come thrive with us! Please contact Listing Broker for showing instructions

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Attachments

Highlights

  • NEW TO MARKET
  • $448,126 GSR + NNN
  • NOI - $414,517 (IN PLACE)
  • 7.28% CAP RATE - IN PLACE
  • 7.59% CAP RATE - PROFORMA
  • All NNN Leases
  • Upside Potential Lease Rates: $12-$20/SF/Year + NNN
  • Recently Remodeled
  • New Roof
  • CG Zone (mixed use friendly)
  • High Visibility Location & Signage
  • 38,000 Vehicles Per Day
  • Close to Freeway Access
  • Ample Onsite Parking
  • Bus Stop Location

Contacts

broker

Alvin J. Nash

Tradition Real Estate Partners

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable
  • Transit Score ®

    47/100 Some Transit
  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Portland, OR
  • Neighborhood Central Tigard
  • Zip Code 97223
  • Market Portland

Points of Interest

  • Willamette Shore Trolley Lake Oswego Station

    5.63 miles

  • Zoo Train

    6.49 miles

  • Oaks Park

    6.51 miles

  • Marquam Hill

    6.83 miles

  • Bancroft Street

    6.92 miles

  • PSU South/Southwest 5th & Jackson

    7.37 miles

  • PSU Urban Center

    7.56 miles

  • Southwest Market & Park

    7.58 miles

  • Southwest 11th & Clay

    7.60 miles

  • Southwest 11th & Taylor

    7.89 miles

  • Astro

    0.05 miles

  • 76

    0.08 miles

  • Chevron

    0.65 miles

  • Shell

    0.93 miles

  • Texaco

    1.09 miles

  • Sinclair

    1.10 miles

  • Costco Gasoline

    1.24 miles

  • Electrify America

    1.27 miles

  • Arco

    1.52 miles

  • EVGo Fast Charging

    1.63 miles

  • Tigard Transit Center

    0.49 miles

  • Tigard Public Library parking

    0.70 miles

  • Christ the King Lutheran Church

    1.09 miles

  • Tigard Park & Ride

    1.26 miles

  • Progress

    2.02 miles

  • Hall/Nimbus

    2.14 miles

  • P1

    2.33 miles

  • P2

    2.33 miles

  • P12

    2.36 miles

  • Papa John's

    0.04 miles

  • Davidson's

    0.06 miles

  • Frutas y Antojitos Diana’s

    0.06 miles

  • Burgerville

    0.10 miles

  • Sanchez Taqueria

    0.10 miles

  • Jack in the Box

    0.13 miles

  • El Guajillo

    0.13 miles

  • Taco Del Sol

    0.22 miles

  • The Tamale House

    0.25 miles

  • Papa Murphy's

    0.27 miles

  • Natural Grocers

    0.17 miles

  • Bi-Mart

    0.37 miles

  • H Mart

    0.42 miles

  • Orient Pearl

    0.52 miles

  • Srider's India Imports

    0.84 miles

  • Walmart Supercenter

    1.19 miles

  • WinCo Foods

    1.36 miles

  • Hồng Phát Food Center

    1.42 miles

  • Safeway

    1.49 miles

  • Nordstrom

    1.60 miles

Frequently Asked Questions

How much does Hudson Plaza cost?

The space currently listed for sale at Hudson Plaza asks for $5,695,000.

What is the total square footage of Hudson Plaza?

Hudson Plaza totals 22,896 square feet.

When was this property built?

Hudson Plaza was built in 1993.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Alvin J. Nash

Tradition Real Estate Partners