Building Details

Tenancy Multi

Listing Agency: Compass Commercial Real Estate Services r***@compasscommercial.com Show Phone

Listed By: Russell Huntamer · License #OR 200407143

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 11:42PM

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Investment Insights

Based on property information with market context.

Bend River Promenade is a shopping center anchored by Natural Grocers, with TJ Maxx, Macy’s, Hobby Lobby, and Kohl’s serving as major retail draws. The property includes shared access and parking throughout the center, while Shari’s is also identified among the occupants. TJ Maxx at the Bend location has recorded an average 9% yearly sales increase over the past seven years, and Shari’s sales rose 6.87% in 2018 over the prior year.

The center is positioned along US Highway 97, Business Highway 97, and Highway 20 in Bend, Oregon. The site records approximately 54,000 vehicles per day on US Highway 97 and 38,900 on parallel Business Highway 97. Deschutes River frontage across the street, nearby motels, and a convention center add to the surrounding visitor-oriented retail context.

Key Highlights

• Anchored by Natural Grocers with TJ Maxx, Macy’s, Hobby Lobby, and Kohl’s nearby
• Approximately 54,000 cars per day on US Highway 97 (Bend Parkway)
• Additional 38,900 cars per day on parallel Business Highway 97

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Garden Center Law Firm Real Estate Agency Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store

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

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

810

Businesses Nearby

164k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 48% Apparel 29% Shops & Services 18% Electronics 2%

WinCo Foods Groceries

78,675 visits/mo 0.5 miles

T.J. Maxx Apparel

37,500 visits/mo 0.2 miles

Dollar Tree Shops & Services

15,778 visits/mo 0.4 miles

Mobil Shops & Services

12,968 visits/mo 0.3 miles

Boot Barn Apparel

10,212 visits/mo 0.5 miles

Demographics for 97701, OR

42,159

Population

19,020

Households

2.2

Avg Household Size

38

Median Age

42%

College-Educated

94%

High-School Grad

311.8 sq mi

ZIP Area

135

Density / Sq Mi

$77,969

Median Household Income

$47,431

Median Earnings

$1,700

Median Rent

$567,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Established retail center with major national tenants, shared access and parking, and exposure to multiple regional highways.

Where is this shopping center located?

The property is located at 2044-3194 N Highway 97 Bend, OR.

What are key features of this property?

This property features: Anchored by Natural Grocers with TJ Maxx, Macy’s, Hobby Lobby, and Kohl’s nearby; Approximately 54,000 cars per day on US Highway 97 (Bend Parkway); Additional 38,900 cars per day on parallel Business Highway 97