7338 Hwy 62, White City, OR 97503

Merit Commercial Real Estate is pleased to exclusively present the Lakewood Shopping Center, a long-standing multi-tenant retail center located in White City, Oregon (the "Property"). The Property is situated on one parcel totaling 4.07 acres.

The two buildings located on-site feature a total square footage of ±30,110 SF. "Building 1" consists of ±28,154 SF and features a diverse mix of tenants anchored by Dollar Tree and US Cellular.

There are six units within the building with one current vacancy. The anchor space consists of ±20,681 SF including a large flexible sales floor and abundant back of house and storage space, served by a covered loading dock.

The west side of Building 1 includes 5 in-line spaces ranging from 954 - 2,029 SF, and is the right mix of regional chains and national tenants. "Building 2" is a ±1,956 SF QSR and is leased to Umi Sushi, a well-known regional restaurant chain.

Presenting as a well-maintained, modern sit-down and take-out restaurant, Umi Sushi is a strong highlight of the Property. While not currently utilized, an existing drive-thru lane is in place.

There is additionally a retail building pad located on the eastern side of the Property offering future upside potential for the Property. As the natural extension of the center, this pad has never been marketed, and allows new ownership to control the future tenant mix of the center. Situated on the right side of a hard, signalized corner at the intersection of the two highest traffic highways in the region, the Property benefits from excellent frontage & visibility.

Access is convenient with three full-movement driveways and low-friction movement of customers. Additionally, Lakewood Center is located within an Opportunity Zone, offering potentially significant tax advantages. An important note for all buyers to consider is an on-going disagreement of a lease interpretation by the anchor tenant, Dollar Tree, regarding their obligations to pay NNNs/CAMs; Dollar Tree is currently not paying said items.

Seller disputes tenant's interpretation, and reserves the right to take legal action, but no suits are currently filed. No assurances are made that the disputed charges will be collected, that the tenant will resume payment, or that any dispute will be resolved in Ownership's favor.

Prospective purchasers must conduct their own legal, financial, and lease review. Buyer is responsible for any and all due diligence.

Contact the listing brokers today for additional information.