16852 Edy Rd Sherwood, OR 97140-9146

Property Details for 16852 Edy Rd

Lot size

1.33 lot acres

Property size

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.