Portland Village – Portland, TN


  • Grocery anchored center in one of the leading MSA’s in the country
  • 94% occupied
  • Strong Cash Saver sales at $9,688,489 ($323psf) putting the grocer at a health ratio of 2.1%. Cash Saver’s sales increased 21% from 2019 to 2020
  • Strong traffic counts with 19,098 VPD on Hwy 109 and 13,380 VPD on Knight Street
  • Current tenant mix has been in the center for an average of 11.7 years
  • The roof for Cash Saver, Family Dollar and Planet Fitness is TPO 2012. The rest of the center was recoated in 2016.
  • Sonic is a separate parcel and can easily be spun off, which creates immediate upside


  • 80% of the GLA is made up of National Tenants and Regional Tenants
  • E-Commerce resistant tenant mix with 88% of GLA made up of grocery and non-soft goods retail
  • Cash Saver has been the anchor tenant since 1997
  • Recent leases with Family Dollar and Planet Fitness shows the leasing demand for the market
  • New LED lighting
  • Located on Portland’s primary retail corridor
  • Hwy 109 is the most heavily traveled road in the Portland market with 19,098 cars daily
  • Internet resistant tenant mix with grocer, restaurants, and gym


  • Square Feet: 84,250SF
  • Asking Cap Rate: 8.25%
  • Asking Price: 7,873,000
  • Year Built: 1975
  • Occupancy: 94%
  • NOI: $649,546

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