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 22 at 3:10AM

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Investment Insights

Based on property information with market context.

Southgate Shopping Center is a 48,154-square-foot retail center that is 100% occupied. The property is anchored by a Planet Fitness that signed a new 10-year lease in June 2021. Additional tenants include a drive-thru Starbucks and an AT&T pad building.

The shopping center sits just west of I-205 and directly off OR 213, providing access and visibility to over 34,000 vehicles per day. The surrounding trade area is supported by major retailers including Walmart, Home Depot, and Costco, and by Clackamas Town Center, a 1.4M-square-foot mall.

With the center’s current tenant mix and active anchors, the offering presents a completed retail shopping center configuration anchored by national and regional brands.

Key Highlights

• Southgate Shopping Center offers 48,154 SF of retail space that is 100% occupied
• Anchored by Planet Fitness with a new 10‑year lease signed in June 2021
• Includes a drive‑thru Starbucks and an AT&T pad building

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Tanning Salon Catering Service Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34,000 VPD

Traffic count

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

814

Businesses Nearby

291k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 36% Shops & Services 29% Home Improvements & Furnishings 19% Dining 15%

Fred Meyer Groceries

105,057 visits/mo 0.3 miles

The Home Depot Home Improvements & Furnishings

56,017 visits/mo 0.5 miles

Fred Meyer Gas Station Shops & Services

35,047 visits/mo 0.3 miles

Taco Bell Dining

21,049 visits/mo 0.3 miles

Chase Bank Shops & Services

10,939 visits/mo 0.2 miles

Demographics for 97086, OR

32,612

Population

13,440

Households

2.4

Avg Household Size

39

Median Age

43%

College-Educated

95%

High-School Grad

10.5 sq mi

ZIP Area

3,106

Density / Sq Mi

$102,591

Median Household Income

$49,939

Median Earnings

$1,598

Median Rent

$655,700

Median Home Value

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Southgate Shopping Center is 100% occupied and anchored by Planet Fitness, with additional drive-thru Starbucks and AT&T pad.

Where is this shopping center located?

The property is located at 10435 SE 82nd Ave Portland, OR.

What are key features of this property?

This property features: Southgate Shopping Center offers 48,154 SF of retail space that is 100% occupied; Anchored by Planet Fitness with a new 10‑year lease signed in June 2021; Includes a drive‑thru Starbucks and an AT&T pad building