Gaarde Pacific

Gaarde Pacific dominates other retail strip centers with superb retail fundamentals. Approximately 45,000 vehicles pass in front of the center daily. The property is surrounded by homes with excellent demographic metrics (density, education, average household incomes, etc.). Costco Wholesale anchors the retail corridor at the north end with Tigard Towne Square anchoring the south end. This premier combination of daily traffic, demographic data, and top performing retail anchors is unlike any value add strip center available for purchase in the Pacific Northwest.Gaarde Pacific boasts the most desirable subclass of retail investment properties: an unanchored strip center. The property is situated along Pacific Highway W across from Tigard Marketplace with homes surrounding the asset in all directions. Gaarde Pacific boasts one of the highest average daily traffic of any strip center in the Portland metro with ±45,000 cars passing in front of the property every day. Excellent population density with ±16,000, ±121,000, and ±275,000 people living in a 1-mile, 3-mile, and 5-mile radius, respectively. Gaarde Pacific affords a value add exit opportunity with an estimated five-year hold period. Five-year hold period levered IRR: 15.37% (see pg. 16 for details) -