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Listed by Pacific Properties • 541-290-9597
$ 6,400,000
Est. payment | /mo
15,152 SqFt
$ 6,400,000
Est. payment | /mo
15,152 SqFt
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 15,152 sqft
Price per Sqft $422
MLS Listing ID 195155383
Year Built 2024
Annual Tax Amount $34,274
Tax Year 2025
Lot Size 0.960 Acres
Property Sub-Type Income
Property Description
We are pleased to present the opportunity to acquire an institutional-quality net leased asset occupied by Planet Fitness, one of the nation's largest and fastest-growing fitness center operators with exceptional brand recognition and a proven operating platform. Located within Teakwood Plaza in Coos Bay, Oregon, this newly constructed 15,000-square-foot facility occupies a premier position within the region's dominant retail destination. The property is strategically situated alongside Tru Furniture and the newly developed TJ Maxx, creating a synergistic retail environment that attracts consistent consumer traffic from throughout Oregon's South Coast. Teakwood Plaza represents an irreplaceable big-box retail development positioned along U.S. Highway 101 with outstanding bi-directional frontage, exceptional visibility, and traffic counts exceeding 27,200 vehicles per day—the highest in Coos County. With limited opportunities for comparable large-format commercial development, the property's strategic location and market dominance create a compelling long-term investment profile. As the largest city on the Oregon Coast, Coos Bay serves as the commercial, healthcare, governmental, and retail hub for the surrounding region. Its longstanding maritime heritage, expanding service economy, and regional draw continue to support strong retail fundamentals and sustained consumer demand. This offering presents investors with the opportunity to acquire a premier national tenant in a legacy retail asset designed for long-term income stability and wealth preservation. The property offers dependable cash flow, minimal landlord responsibilities, and the benefits of passive ownership within one of the Oregon Coast's most significant retail developments. Opportunities to acquire institutional-quality assets in locations of this caliber are exceptionally rare.
Location
State OR
County Coos
Area _260
Zoning I-C
Interior
Heating Forced Air, Heat Pump
Cooling Heat Pump
Exterior
View Bay, City, Mountain
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
We're always here to help. Let's connect!
Matthew Tercek
Team Lead / Agent | License ID: 201210228 (OR) 23013170 (WA)
+1(503) 453-5815 | matthew@tercekre.com