Pet Supply-Anchored Shopping
New
For Sale
$5,200,000
6990 SW Beaverton Hillsdale Hwy, Portland, OR 97225
A mix of retail and service businesses occupies the center, alongside three vacant retail/office spaces.
Property Size34,087 SF
Price / SF$165.39
Days on Market2
Property Features for 6990 SW Beaverton Hillsdale Hwy
General Information
Standard status
Active
Size
34,087 SF
Property subtype
Shopping Strip
Occupancy
87%
Additional Details
Cap Rate
6.86%
Anchor Co-Tenants
Western Pet Supply, Subway, Sesame Donuts, Citrine Salon
Amenities
Well Located Intersection with Over 20,000 VPD
Over 87% Occupied with National and Regional Tenants
Superior Area Demographics
Building Details
Building Size
34,087 SF
Year Built
1955
Tenancy
Multi
Listed By:
Brendan Powell · License #License(s): OR: 201002133
(425) 753-1169
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 3:10PM
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 Brendan Powell
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Investment Insights
Based on property information with market context.
This 31,440-square-foot shopping center at 6990 SW Beaverton Hillsdale Hwy was built in 1955 and is 87% leased. Western Pet Supply serves as the anchor, with Subway, Sesame Donuts, and Citrine Salon also operating at the property. Three retail/office spaces are vacant.
The center sits where Beaverton-Hillsdale Hwy, Scholls Ferry Road, and Oleson Road meet. Reported daily traffic is 22,090 vehicles on Beaverton Hillsdale Hwy, 20,144 on Scholls Ferry Road, and 11,942 on Oleson Road. Raleigh Hills, Raleigh Park, and Montclair elementary schools, along with Jesuit High School and Oregon Episcopal School, are within one mile.
The center sits where Beaverton-Hillsdale Hwy, Scholls Ferry Road, and Oleson Road meet. Reported daily traffic is 22,090 vehicles on Beaverton Hillsdale Hwy, 20,144 on Scholls Ferry Road, and 11,942 on Oleson Road. Raleigh Hills, Raleigh Park, and Montclair elementary schools, along with Jesuit High School and Oregon Episcopal School, are within one mile.
Key Highlights
- 31,440‑square‑foot shopping center built in 1955
- 87% leased, with three vacant retail/office spaces
- Western Pet Supply anchors the center; Subway, Sesame Donuts, and Citrine Salon are also tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$366,433
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,328,660
$7.3M
Cap Rate 7%
$5,234,757
$5.2M
Cap Rate 9%
$4,071,478
$4.1M
Market Conditions
NOI Build-Up for 31,440 SF
Gross rent
$565.9K $18.00/SF
− Vacancy
−$42.4K −$1.35/SF
EGI
$523.5K $16.65/SF
− OpEx
−$157.0K −$5.00/SF
NOI
$366.4K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,328,660
Cap Rate 7%
$5,234,757
Cap Rate 9%
$4,071,478
Alternative Uses
Best Use
Retail
$5.23M
$4.58M – $6.11M
NOI $366,433 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.83M
$7.73M – $10.30M
NOI $618,039 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
87%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97225, OR
26,247
Population
12,219
Households
2.1
Avg Household Size
41
Median Age
62%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,917
Density / Sq Mi
$111,341
Median Household Income
$60,933
Median Earnings
$1,703
Median Rent
$709,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Shopping center - A mix of retail and service businesses occupies the center, alongside three vacant retail/office spaces.
Where is this shopping center located?
The property is located at 6990 SW Beaverton Hillsdale Hwy Portland, OR.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 31,440‑square‑foot shopping center built in 1955; 87% leased, with three vacant retail/office spaces; Western Pet Supply anchors the center; Subway, Sesame Donuts, and Citrine Salon are also tenants
