$6,400,000
( $422.39Per Sq Foot )
 $34,357 est/mo Sourced by Back At You

1236 Teakwood Ave,CoosBay, OR 97420

CoosBay, OR 97420

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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.

Details

MLS #195155383
Listing TypeFor Lease
StyleIncome
StatusActive
Year2024
Days On Site122
Listing Provided ByPacific Properties | Joel Sweet

Features

SQ Feet15,152
Building(s)1
ZoningI-C
Acreage0.96
Property ViewBay, City, Mountain

Interior

HeatingForced Air, Heat Pump
Heating YnYes
CoolingHeat Pump
Cooling YnYes

Exterior

Construction MaterialsCement Siding

Parking

Attached Garage YnNo
Parking FeaturesPaved

Taxes

Property34274

Area Information

StateOR
CountyCoos
CityCoosBay
Zip Code97420
Listing VS Median (in 97420)
Price:
$6,400,000
low | high
Med:
$399,000
100% of Average
sqft:
15,152
low | high
Med:
1,547
100% of Average
$ / sqft:
$422
low | high
Med:
$262
87.867921875% of Average
On site:
122
low | high
Med:
128.5
94.941634241245% of Average
Sourced by Back At You

Market Activity 97420

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Madaire Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

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Learn More About This Property

StateOR
CountyCoos
CityCoosBay
Zip Code97420
Listing VS Median (in 97420)
Price:
$6,400,000
low | high
Med:
$399,000
100% of Average
sqft:
15,152
low | high
Med:
1,547
100% of Average
$ / sqft:
$422
low | high
Med:
$262
87.867921875% of Average
On site:
122
low | high
Med:
128.5
94.941634241245% of Average
Sourced by Back At You
Listing Updated: October 27, 2026 at 11:46:50 PM PDT