Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Raleigh Hills Retail Center, a 31,440 SF multi-tenant retail center anchored by Western Pet Supply. The property is 87% leased to a diversified tenant mix of regional & national retailers. The property offers exceptional frontage along the busiest intersection in the Raleigh Hills area. Western Pet Supply has anchored the center since March 1996, lending a longstanding neighborhood presence to the property. Subway, Sesame Donuts, and Citrine Salon complement the anchor with a mix of dining and personal care services. Additional upside can be captured through leasing up the three vacant retail/office spaces on the property. The property is strategically located at the meeting point of Beaverton-Hillsdale Hwy, Scholls Ferry Road, and Oleson Road. ODOT reports 22,090 Vehicles Per Day (VPD) along Beaverton Hillsdale Hwy, 20,144 VPD along Scholls Ferry Road, and 11,942 VPD along Oleson Rd. The property and its tenants benefit from a population of 112,000 residents with the median household income of $120,000 within three miles of the property. The center is surrounded by an established network of public and independent schools. Raleigh Hills, Raleigh Park, and Montclair elementary schools, Jesuit High School & Oregon Episcopal School are within one mile of the property.