Cornelius Crossings

Cornelius Crossings
SEC of Baseline Street
South 1st Ave Cornelius, OR, 97113

Cornelius Crossings

LOCATION

Cornelius Crossings
SEC of Baseline Street
South 1st Ave Cornelius, OR, 97113

SUMMARY

Property Purchase Date:

December 28, 2024

Project Type:

Retail Development

Fund:

BIG LEGACY FUND II

Year:

2024

Total Capitalization

$4,620,000

BIG Equity:

$1,400,000

Total Equity:

$1,400,000

Lease Term:

20 Year Ground Lease; 10 Year NN

Tenants:

British Petroleum; Starbucks

INVESTMENT STRATEGY

Pursue retail development for British Petroleum corporate gas station and Starbucks build-to-suit in retail corridor of Portland MSA. This property is located adjacent to the planned Kern Hoops facility, an indoor basketball sports complex featuring 6 courts.

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