Courtesy: Kidder Mathews
360-705-2800
Kevin Verger
Acquire a 100% occupied NNN two-tenant retail investment located in the affluent and rapidly growing community of Happy Valley, Oregon. Since construction in 2016, the property has experienced zero tenant turnover. Both MOD Pizza and Embold Credit Union recently demonstrated their long-term commitment to the location through 10-year and 5-year lease extensions, respectively, each with renewal options and 2-3% annual rent increases, providing investors with durable income growth. The property benefits from a highly visible hard-corner location along a prominent retail corridor with daily traffic counts exceeding 29,000+ VPD. The site sits adjacent to a Safeway-anchored shopping center and in close proximity to Clackamas Town Center, one of the Portland metropolitan area’s dominant regional retail destinations. Located in one of the Portland metro’s most desirable suburban communities, the offering provides investors the opportunity to acquire a stable retail asset supported by strong demographics, continued residential growth, and long-term tenancy.
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Happy Valley is located in Oregon. Happy Valley, Oregon has a population of 23,442. Happy Valley is more family-centric than the surrounding county with 40.73% of the households containing married families with children. The county average for households married with children is 33.61%.
The median household income in Happy Valley, Oregon is $131,980. The median household income for the surrounding county is $88,517 compared to the national median of $69,021. The median age of people living in Happy Valley is 39 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 48.1 inches per year, with 1.8 inches of snow per year.
