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Department Store

Macy's Furniture at Washington Square

9009 SW Hall Blvd, Tigard, OR 97223

Listing Price: $9,990,000

Cap Rate
8.00%
Tenant Name
Macy's Furniture
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
50,808
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.73

Investment Overview

Macy's Furniture is located on a premier corner adjacent to Washington Square Mall. The tenant has 6.5 years remaining on a NNN lease, with a 10% rental increase coming into effect in 2023. This is a Qualified Opportunity Zone site, sitting on 2.5 acres and zoned Mixed-Use Commercial, allowing for dense redevelopment with no maximum FAR and 200 foot height limits.

Investment Highlights

  • Corporate Lease with 6.5 Years Remaining
  • Zero Rent Abatement in 2020
  • Opportunity Zone Site | 2.5 Acres on Prime Corner
  • 10% Rental Increase in 2023

Exclusively Listed By

Department Store

Macy's Furniture at Washington Square

Listing Price: $9,990,000

Cap Rate
8.00%
Tenant Name
Macy's Furniture
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
50,808
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.73

Investment Highlights

  • Corporate Lease with 6.5 Years Remaining
  • Zero Rent Abatement in 2020
  • Opportunity Zone Site | 2.5 Acres on Prime Corner
  • 10% Rental Increase in 2023

Investment Overview

Macy's Furniture is located on a premier corner adjacent to Washington Square Mall. The tenant has 6.5 years remaining on a NNN lease, with a 10% rental increase coming into effect in 2023. This is a Qualified Opportunity Zone site, sitting on 2.5 acres and zoned Mixed-Use Commercial, allowing for dense redevelopment with no maximum FAR and 200 foot height limits.

Exclusively Listed By

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