Andresen Marketplace 6709 NE 63rd St

The Offering provides the opportunity to acquire a 9,810 SF outparcel of Andresen Marketplace, a Safeway-anchored daily-needs retail center located in Vancouver, Washington. The Property is 100% occupied by five tenants with a dynamic mix of specialty retail and personal and professional services, including leases with All State Insurance, Brewed Awakenings Coffee with a drive-thru, and a brand new lease with Benjamin Moore, which opened in November 2024. The adjacent Safeway is ranked in the 94th percentile nationally for number of visits per Placer.AI, and the Property benefits from limited competition with no competing grocer within a 2-mile radius. The Property receives strong visibility from its hard corner location on 63rd St. and NE Andresen Rd, two primary retail corridors, in a high-growth market with a 17% increase in population over the last ten years, whereas the city of Portland’s population has only increased in 1.5% over the last decade.