Langer Farms Shopping Center with Red
For Sale
Contact for pricing
21170 SW Langer Farms Pkwy, Sherwood, OR 97140
Two inline retail buildings plus a ground-leased Red Robin pad, shadow-anchored by Target in Sherwood.
Property Size28,122 SF
Price / SF$446.27
Days on Market51
Property Features for 21170 SW Langer Farms Pkwy
General Information
Standard status
Active
Size
28,122 SF
Property subtype
Retail
Zoning
Retail Commercial - PUD
Occupancy
94%
Investment Type
Stabilized
Building Details
Year Built
2004
Buildings
3
Tenancy
Multi
Listing Agency:
CBRE - Seattle
Listed By:
Dino Christophilis · License #WA 24717
Source:
Crexi
Added: Jul 1
Changed: Aug 8
Last Checked: Aug 18 at 9:01AM
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 CBRE - Seattle
Investment Insights
Based on property information with market context.
Langer Farms Shopping Center includes two inline retail strip buildings and a stand-alone ground-leased Red Robin pad. The center is shadow-anchored by a Target in the Portland suburb of Sherwood, Oregon. Ownership will also include the opportunity to lease a single vacant suite within the retail buildings.
The property is positioned in an affluent suburban setting, approximately 16 miles south of the Portland CBD. The rent roll is described as exceptionally stable, with most tenants signing recent extensions or new long-term leases. The weighted average lease term (WALT) is 4.8 years remaining.
For buyers and operators, the mix of two inline retail buildings with an outparcel Red Robin and Target shadow-anchoring creates a defined retail environment with near-term flexibility from the one currently vacant suite. The lease profile reflects a majority of tenants in extended or newly executed long-term arrangements, which may appeal to buyers seeking steadier in-place income while completing lease-up for the remaining space.
The property is positioned in an affluent suburban setting, approximately 16 miles south of the Portland CBD. The rent roll is described as exceptionally stable, with most tenants signing recent extensions or new long-term leases. The weighted average lease term (WALT) is 4.8 years remaining.
For buyers and operators, the mix of two inline retail buildings with an outparcel Red Robin and Target shadow-anchoring creates a defined retail environment with near-term flexibility from the one currently vacant suite. The lease profile reflects a majority of tenants in extended or newly executed long-term arrangements, which may appeal to buyers seeking steadier in-place income while completing lease-up for the remaining space.
Key Highlights
- Langer Farms Shopping Center includes two inline retail strip buildings and a ground‑leased Red Robin pad
- Year built: 2004
- Target shadow‑anchors the center in Sherwood, OR, about 16 miles south of the Portland CBD
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
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?
Strip mall - Two inline retail buildings plus a ground-leased Red Robin pad, shadow-anchored by Target in Sherwood.
Where is this strip mall located?
The property is located at 21170 SW Langer Farms Pkwy Sherwood, OR.
What is the asking price?
The asking price for this property is $12,550,000.
What are key features of this property?
This property features: Langer Farms Shopping Center includes two inline retail strip buildings and a ground‑leased Red Robin pad; Year built: 2004; Target shadow‑anchors the center in Sherwood, OR, about 16 miles south of the Portland CBD
