Village @ Main Street 8309 Southwest Main Street
Wilsonville, OR 97070
For Sale
74,878 sqft
Sale Price
$26,379,000
Brochure
Property Website
Map
Retail For Sale - Unavailable
91% LEASED | STABILIZED WELL-LOCATED CENTER WITH MULTIPLE UPSIDE OPPORTUNITIES | FIRST TIME ON MARKET
High visibility location in the heart of Wilsonville with 1,875-foot frontage and easily accessible with two fully signalized intersections into the center plus three righ turn-in lanes. 91% Leased.
Central to a rapidly growing residential community with high median household incomes, low retail inventory, and one of the Portland Metro’s lowest crime rates.
1-mile retail occupancy of 97.4% with no new retail under construction.
Multiple possible value-add strategies including rate hikes on below-market average rents and parceling off of individual improvements containing well-known national retailers such as Wells Fargo, Mattress Firm, AT&T and Red Robin, all of which can add immediate upside to the cash flow.
Placer.AI location intelligence reports a 58% Yo2Y increase in visits to the center, indicating a full COVID recovery with additional growth on top of pre-COVID levels.
Located 23 minutes from Portland, OR and 33 minutes from Salem, OR, the state capital. Wilsonville is located along Interstate-5, south of Portland, within the Portland Metro urban growth boundary (UGB)—perfect for reaching markets both within and outside of Oregon.
As part of the Portland Metro MSA, but proximate to Salem to the south, Wilsonville draws on a diverse, dual laborshed. The Portland region is highly educated compared to the nation and the State of Oregon.
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
Wes Bochner
Lic: OR Lic. #201246821
WB
CBRE is pleased to offer to the market the Village @ Main Street, with a mix of local, regional and national retailers set up on a staggered lease schedule. With below-market lease rates, the center presents itself as a value add opportunity with immediate market-rate cash flow. The property is ideally positioned in the heart of Wilsonville, one of Oregon’s fastest-growing cities within the Portland Metro marketplace. Community oriented, the center is laid out campus style encouraging dining and shopping opportunities that lend to each other and is further supported by the Village @ Main Street Apartments sitting directly behind the center, walkable by tenants and containing 464 apartment units and 70 condos. Population and Household growth around the center has increased by more than 30% within a one-mile radius over the past decade. Retail construction within Portland suburban cities, such as this, is lacking. Leasing opportunities and fundamentals in retail are strong supporting this growing population.
Wilsonville is a city primarily in Clackamas County, Oregon. Located within the Portland metropolitan area, the city also includes the planned communities of Charbonneau on the south side of the river, and Villebois, a European-style urban village that earned a national design award, on the western edge. The city is bisected by Interstate 5 and includes I-5’s Boone Bridge over the Willamette.
Adjacent Interstate 5, Wilsonville is a business-friendly community that provides an attractive location for manufacturers and distributors. Its location makes it highly
accessible for commuting employees as well as freight traffic. Connectivity to the
greater Portland Metro is also advantageous for those seeking proximity to urban
amenities, a top-rated international airport, the western US coast and the Ports of
Portland & Seattle. The City’s considerable weekday workforce also supports high
tech industries, family-owned companies and several local and national retailers.
Wilsonville has often had more jobs in the city than residents, which has led to the city becoming headquarters for several major local and national companies, as well as home to facilities of several national companies. Companies with their headquarters in the city include design software maker Mentor Graphics; the largest employer in the city, imaging systems manufacturer FLIR Systems; and shoe retailer Solestruck. The city is also home to Stream Global Services, the second largest employer in the city and Xerox, the third largest employer in the city. Wilsonville contains many distribution and manufacturing buildings adjacent to Interstate 5 such as regional distribution facilities for Coca-Cola and Rite Aid. Additionally, available land is creating new opportunities for Wilsonville and business, while city leaders continue working with the regional government Metro and the state of Oregon to plan a 200-acre industrial site in northwest area of the city. The Coffee Creek Industrial area, near the Oregon Coffee Creek Correctional Facility, has been labeled a regionally significant industrial area and is the city’s next area of major business development. The City is in the process now of conducting additional studies and undertaking planning efforts for infrastructure, including roads, sewer and water services. City leaders hope the property lead to 1,500 more family-wage jobs with an annual payroll of $55 million at full build out. Wilsonville’s 1,000-plus businesses provide 20,165 full-time jobs, with over half in high-wage industrial occupations of manufacturing or wholesale distribution. According to the city of Wilsonville, the total annual private-sector payroll in Wilsonville is nearly $1.1 billion annually. That is a 80-percent more than it was in 2000 and generates a total regional economic impact of over $3.2 billion annually.
Wilsonville sits on the north bank of the Willamette River, offering easy access for recreational boaters, canoers and kayakers as well as proximity to the valley’s abundance of award-winning wineries. World-class natural getaways – Mount Hood, the Columbia River Gorge, ocean beaches – all await within a two-hour drive. With its location at the southernmost end of the Portland metropolitan area, Wilsonville is the gateway to the verdant Willamette Valley. Once a small farming community, Wilsonville is now a thriving city of more than 26,000 residents who enjoy the small town feel just 17 miles from Portland. Its southerly location is roughly halfway between the Portland central business district and the state capital in Salem. Wilsonville’s labor force draws from both metro areas.
Adjacent Interstate 5, Wilsonville is a business-friendly community that provides an attractive location for manufacturers and distributors. Its location makes it highly
accessible for commuting employees as well as freight traffic. Connectivity to the
greater Portland Metro is also advantageous for those seeking proximity to urban
amenities, a top-rated international airport, the western US coast and the Ports of
Portland & Seattle. The City’s considerable weekday workforce also supports high
tech industries, family-owned companies and several local and national retailers.
Wilsonville has often had more jobs in the city than residents, which has led to the city becoming headquarters for several major local and national companies, as well as home to facilities of several national companies. Companies with their headquarters in the city include design software maker Mentor Graphics; the largest employer in the city, imaging systems manufacturer FLIR Systems; and shoe retailer Solestruck. The city is also home to Stream Global Services, the second largest employer in the city and Xerox, the third largest employer in the city. Wilsonville contains many distribution and manufacturing buildings adjacent to Interstate 5 such as regional distribution facilities for Coca-Cola and Rite Aid. Additionally, available land is creating new opportunities for Wilsonville and business, while city leaders continue working with the regional government Metro and the state of Oregon to plan a 200-acre industrial site in northwest area of the city. The Coffee Creek Industrial area, near the Oregon Coffee Creek Correctional Facility, has been labeled a regionally significant industrial area and is the city’s next area of major business development. The City is in the process now of conducting additional studies and undertaking planning efforts for infrastructure, including roads, sewer and water services. City leaders hope the property lead to 1,500 more family-wage jobs with an annual payroll of $55 million at full build out. Wilsonville’s 1,000-plus businesses provide 20,165 full-time jobs, with over half in high-wage industrial occupations of manufacturing or wholesale distribution. According to the city of Wilsonville, the total annual private-sector payroll in Wilsonville is nearly $1.1 billion annually. That is a 80-percent more than it was in 2000 and generates a total regional economic impact of over $3.2 billion annually.
Wilsonville sits on the north bank of the Willamette River, offering easy access for recreational boaters, canoers and kayakers as well as proximity to the valley’s abundance of award-winning wineries. World-class natural getaways – Mount Hood, the Columbia River Gorge, ocean beaches – all await within a two-hour drive. With its location at the southernmost end of the Portland metropolitan area, Wilsonville is the gateway to the verdant Willamette Valley. Once a small farming community, Wilsonville is now a thriving city of more than 26,000 residents who enjoy the small town feel just 17 miles from Portland. Its southerly location is roughly halfway between the Portland central business district and the state capital in Salem. Wilsonville’s labor force draws from both metro areas.
Total Space Available
74,878 sqft
Sale Price
$26,379,000
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
Wes Bochner
Lic: OR Lic. #201246821
WB