Fitness-Anchored Retail Center for
2333 Pacific Ave, Forest Grove, OR 97116
Fully leased retail center with mark-to-market upside.
Type:Retail
Property size:
35,774 SFPrice / SF:
$216/SF- Added:
- Mar 12, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 19 at 11:07 pm
Property Features for 2333 Pacific Ave
General Information
- Standard status
- Active
- Size
- 35,774 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1962
Listing agent Sean Tufts License #WA 74057
Listing office Northmarq - Seattle
Listing date Mar 12, 2026
Source Crexi
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
HighLights
- Fully leased neighborhood retail center with mark‑to‑market upside.
- Anchored by Fitness 1440 (35% of GLA) through May 2029 with 3% annual increases.
- Below market in‑place rents ($15.61/SF) compared to current market rent ($18-$22/SF) with several leases expiring in 2026.
- Located directly adjacent to Pacific University (~3,500 students).
- Significant discount to replacement costs, priced at ~$217/SF compared to $550/SF+ for comparable retail centers.
- Located in a trade area with high average household incomes ($113,747 within five miles) and continued population growth.
Overview
Forest Grove Center is a 35,774-square-foot, fully leased neighborhood retail center located in Forest Grove, Oregon. The property is anchored by Fitness 1440, occupying 35% of the gross leasable area, with a lease extending through May 2029 and featuring 3% annual increases. The tenant mix includes national and regional credit tenants such as H&R Block, Pizza Hut, and Tuality Healthcare, alongside service-oriented businesses. The property is adjacent to Pacific University, which also leases space at the property through 2028. The surrounding trade area features average household incomes of $113,747 within five miles. In-place rents average $15.61 per square foot. The offering is priced at approximately $217 per square foot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Coinstar Kiosk - Bitcoin ATM — 2836 Pacific Avenue Safeway, Forest Grove, OR 97116
Location Insight
- Map
- Local Demand
- City
- Forest Grove
- County
- Washington
- State
- Oregon
- Longitude
- -123.1056087
- Latitude
- 45.520324
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully leased retail center with mark-to-market upside.
Where is this shopping center located?
The property is located at 2333 Pacific Ave Forest Grove, OR.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Fully leased neighborhood retail center with mark‑to‑market upside.; Anchored by Fitness 1440 (35% of GLA) through May 2029 with 3% annual increases.; Below market in‑place rents ($15.61/SF) compared to current market rent ($18-$22/SF) with several leases expiring in 2026.
