Landlord and tenant both effected by the COVID-19 shutdown. Property was purchased in 2019 with recent improvements completed since purchase. Possibility of retaining existing tenant once current governmental extensions are lifted. Tenant's term goes until October 31st, 2020. Current lease has two (2) five (5) year options to extend. Tenant currently pays $19,269/month modified gross. The sliver of land along the train tracks is owned by TriMet, therefore this portion of property is leased from TriMet for a small annual fee due to its close proximity to Tigard WES rail line.

Location

Downtown Tigard is an amenity rich presence within Washington County limits. The site is located on Southwest Commercial Street approximately a quarter mile from Highway 99W and half a mile from Highway 217. Situated next door to the TriMet TC WES station and only a few blocks from the proposed Tigard MAX station along Hall Boulevard.

Highlights

Opportunity to retain existing tenant

Off-street parking

Existing pole sign

Exterior improvements include replaced siding, roof repair and maintenance, and new landscaping

Interior improvements include mezzanine maintenance and repair, refinished hardwood floors and major upgrades to the building's electrical, plumbing, and Metro Fire & Safety systems