Two-Tenant NNN Retail
For Sale
Contact for pricing
16814 SW Edy Rd, Sherwood, OR 97140
Occupied by IHOP and Sherwood Eye Health within a newly developed mixed-use center.
Property SizeContact for details
Days on Market143
Property Features for 16814 SW Edy Rd
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Additional Details
Anchor Co-Tenants
Providence Urgent Care
Building Details
Tenancy
Multi
Listing Agency:
Northmarq
(503) 998-6572
Listed By:
Kevin Adatto · License #WA 85667
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 5:09PM
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
Investment Insights
Based on property information with market context.
This two-tenant retail property is fully occupied by IHOP and Sherwood Eye Health within Cedar Creek Plaza, a newly developed mixed-use center in Sherwood, Oregon. Both occupants operate under NNN leases, providing a defined lease structure for the property. IHOP’s lease includes scheduled 6% rent increases every five years, while Sherwood Eye Health’s agreement provides annual 3% increases.
The property is positioned along Highway 99 at 16814 SW Edy Rd and benefits from co-tenancy within the center. Nearby uses include medical services, a brand-new 135-unit senior housing development, and Providence Urgent Care. The surrounding setting places the retail asset among established and expanding commercial and medical uses in Sherwood.
The property is positioned along Highway 99 at 16814 SW Edy Rd and benefits from co-tenancy within the center. Nearby uses include medical services, a brand-new 135-unit senior housing development, and Providence Urgent Care. The surrounding setting places the retail asset among established and expanding commercial and medical uses in Sherwood.
Key Highlights
- Fully occupied by IHOP and Sherwood Eye Health
- Two‑tenant retail asset within Cedar Creek Plaza
- NNN leases in place for both tenants
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
315k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 30%
Apparel 16%
Groceries 11%
Hobby Lobby
Shops & Services
36,887 visits/mo
0.4 miles
Safeway
Groceries
35,746 visits/mo
0.4 miles
McDonald's
Dining
30,745 visits/mo
0.1 miles
Kohl's
Apparel
27,249 visits/mo
0.1 miles
Ross Dress for Less
Apparel
23,738 visits/mo
0.3 miles
Demographics for 97140, OR
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Occupied by IHOP and Sherwood Eye Health within a newly developed mixed-use center.
Where is this nnn property located?
The property is located at 16814 SW Edy Rd Sherwood, OR.
What are key features of this property?
This property features: Fully occupied by IHOP and Sherwood Eye Health; Two‑tenant retail asset within Cedar Creek Plaza; NNN leases in place for both tenants
