Grocery-Anchored Shopping Center with
For Sale
Contact for pricing
2408 Powell Blvd, Gresham, OR 97080
Grocery-anchored shopping center with a Walmart Neighborhood Market and new leases for Elements Health Club and Gravity Coffee drive-thru.
Property Size109,183 SF
Days on Market121
Property Features for 2408 Powell Blvd
General Information
Standard status
Active
Size
109,183 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq - Seattle
Listed By:
Sean Tufts · License #WA 74057
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Seattle
Investment Insights
Based on property information with market context.
The offering is a 109,183 SF shopping center anchored by a Walmart Neighborhood Market. The center includes newly executed leases for Elements Health Club and Gravity Coffee drive-thru, with Gravity Coffee’s rental income not included in the current underwriting provided by the seller and described as investor upside upon completion of construction.
The property is conveniently located off Powell Blvd in close proximity to US Highway 26, both of which are major east/west connectors to the city of Portland. It sits two miles south of Mt. Hood Community College, one of Oregon’s largest community colleges, with high-density surrounding residential.
For buyers evaluating tenant mix and anchor support, this center’s current leasing highlights include fitness and a drive-thru concept alongside the Walmart Neighborhood Market anchor.
The property is conveniently located off Powell Blvd in close proximity to US Highway 26, both of which are major east/west connectors to the city of Portland. It sits two miles south of Mt. Hood Community College, one of Oregon’s largest community colleges, with high-density surrounding residential.
For buyers evaluating tenant mix and anchor support, this center’s current leasing highlights include fitness and a drive-thru concept alongside the Walmart Neighborhood Market anchor.
Key Highlights
- 109,183 SF grocery‑anchored shopping center anchored by a Walmart Neighborhood Market
- New leases include Elements Health Club
- New Gravity Coffee drive‑thru lease; its rental income is not included in current underwriting
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
209k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Dining 31%
Shops & Services 9%
Electronics 2%
Fred Meyer
Groceries
80,705 visits/mo
0.2 miles
Walmart Neighborhood Market
Groceries
40,926 visits/mo
0.1 miles
Chick-fil-A
Dining
38,452 visits/mo
0.1 miles
Five Guys
Dining
25,846 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
7,524 visits/mo
0.0 miles
Demographics for 97080, OR
45,647
Population
17,276
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
21.6 sq mi
ZIP Area
2,113
Density / Sq Mi
$96,218
Median Household Income
$47,562
Median Earnings
$1,596
Median Rent
$485,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored shopping center with a Walmart Neighborhood Market and new leases for Elements Health Club and Gravity Coffee drive-thru.
Where is this shopping center located?
The property is located at 2408 Powell Blvd Gresham, OR.
What are key features of this property?
This property features: 109,183 SF grocery‑anchored shopping center anchored by a Walmart Neighborhood Market; New leases include Elements Health Club; New Gravity Coffee drive‑thru lease; its rental income is not included in current underwriting
