Property Description

We are pleased to offer to qualified investors an opportunity to purchase a national tenant legacy asset. Located at Teakwood Plaza in Coos Bay Oregon, Planet Fitness is a full service gym and spa facility, with national brand recognition, and tenant strength. This newly constructed 15,000sf building is adjacent to Tru Furniture, and the soon to be open TJ Maxx! Teakwood Plaza is a never to be replicated big box retail center, located on Highway 101 with bi-directional frontage and visibility, and the highest traffic counts in the county (27,200 ADT). The City of Coos Bay is the largest City on the Oregon Coast, and this area of Oregon has a deep history for water based industries. Teakwood Plaza is celebrating the past, but in a modern way. This is a once in a lifetime site and investment that will not be duplicated. This an excellent opportunity to purchase an investment grade asset, with strong stable income and zero day-to-day landlord management obligations securing long term passive income.