16852 Edy RdSherwood, OR 97140

Property Details for 16852 Edy Rd

Lot size

1.33 AC

Property size (Sq ft)

15,730 SF

Zone code

RC

Property type

Individual retail properties

APN

2S130DA-02100

APU

2S130DA02100

Description

This exceptional investment opportunity presents a fully occupied, 15,728-square-foot Planet Fitness storefront in Sherwood, Oregon. Located at 16852 SW Edy Rd, this Class A retail building, constructed between 2018 and 2019, sits on a 57,889 square foot lot and boasts 131 parking spaces. The property is zoned RC by the City of Sherwood and benefits from a strong location near other established businesses including Starbucks, IHOP, and Guardian Veterinary Care, ensuring high visibility and foot traffic. The single-tenant lease with Planet Fitness is a Net Lease (NNN) agreement with a remaining term of approximately 4.2 years, extending to January 31, 2029, with two five-year lease options. The current annual Net Operating Income (NOI) is $301,348, resulting in a 6.25% capitalization rate. The asking price for this stabilized investment is $4,825,000. This property offers a compelling combination of a strong tenant, prime location, and significant upside potential, making it an attractive addition to any investment portfolio. The building features modern construction and is well-maintained. Adjacent land presents opportunities for future development, further enhancing the property's long-term value. This is a rare opportunity to acquire a high-performing retail asset in a thriving Oregon market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,098,824

  6.5%

  $3,783,530

  7%

  $3,513,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,727,109

  Geo Method

  $7,633,794

• Alternative Use

  Use

  Valuation

  Residential

  $3,191,549

  Hospitality

  $2,923,442

  Educational

  $2,432,269

  Medical

  $2,515,918

  Retail

  $3,783,530

Location Insight

City

Sherwood

County

Washington

State

Oregon

Latitude

45.3657

Longitude

-122.852

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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