16852 SW Edy Rd - Health Club FOR SALE


Sherwood, OR 97140- Sherwood/Tualatin North
$4,825,000 USD
503-227-2500
16852 SW Edy Rd, Sherwood, OR for Sale
$4,825,000 USD
Health Club - FOR SALE
1/8
null | 6.25% Cap Rate

16852 SW Edy Rd
Sherwood, OR 97140
Sherwood/Tualatin North


HIGHLIGHTS

  • Quality 15,728 SF modern retail building with limited LL responsibilities
  • 131 surface parking slots
  • Prime location in Sherwood retail area off Highway 99W
  • Flat rent through end of current lease term
  • Initial 10 year lease expires Jan 31, 2029
  • Lease includes 2, 5-year renewal options up to 6.5% of the preceding term rate

OVERVIEW

Presenting an exceptional investment opportunity in the heart of Sherwood: a premier 15,728-square-foot retail building, constructed in 2018. This free-standing, fully occupied property is situated in the highly desirable RC zoning district, offering significant potential for long-term retail success. With modern construction, prime visibility, and meticulous maintenance, this asset promises both immediate value and strong returns for the savvy investor. Strategically positioned alongside established retailers like Starbucks, OnPoint Community Credit Union, IHOP, GNC Supplements, and Guardian Veterinary Care, this property benefits from consistent foot traffic and high visibility. The adjacent land is primed for future retail development, further enhancing the property’s appeal and potential for growth. This is a rare chance to secure a profitable foothold in Sherwood’s vibrant and expanding commercial landscape. Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the united States. Founded in 1992 in Dover, New Hampshire, the company has expanded to over 2,000 locations across the U.S., Canada and other countries as of 2023. Known for its affordable membership fees and welcoming atmosphere, Planet Fitness promotes a "Judgement Free Zone" philosophy to make gym environment's inclusive for people of all fitness levels. This location is operated by one of the fastest-growing Planet Fitness franchisee's with 16 locations in Oregon and Alaska with plans to expand both domestically and internationally. The lease includes a personal guarantee from the primary principal of the operator.

FOR SALE DETAILS

PRICE

$4,825,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Planet Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

131

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

RC

APN/PARCEL ID

R2207395

ASK ABOUT THIS PROPERTY

Kevin VandenBrinkMacadam Forbes, Inc.More Info
503-227-2500

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Kevin VandenBrinkMacadam Forbes, Inc.More Info
503-227-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.