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East Town Strip Mall- Klamath Falls, OR. 5534 S 6th St

10,321 SF 86% Leased Retail Building Klamath Falls, OR 97603 $1,300,000 ($126/SF) 7% Cap Rate

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Investment Highlights

High Cap Rate Commercial Investment
Incredible High Traffic Location East Klamath Falls

Long Term Reputable Tenants Occupying 85%

Executive Summary

This is a 10,459 sf 7 Unit strip Mall with Triple net lease. Cap Rate is 7% presently Tenants are Little Caesars, Gette A Groom, Paradise Smokes, Great Clips, GNC and Metro T Mobile with one Unit vacant.
Income and Expenses (Annual Amounts): Cap Rate %: 7; CAM Cost: 43,599.19; CAM Frequency: Annually
Income and Expenses (Annual Amounts): Cap Rate %: 7; CAM Cost: 43,599.19; CAM Frequency: Annually; Estimated Gross Operating Income $: 93,564; Net Operating Income: 93,564; Vacancy %: 14
Unit 1: Unit #: 5538; Tenant Name: Little Ceasars; Square Footage: 1,200; Monthly Rent: 1,598.6; Price Per SqFt: 1.33; Status: Leased
Unit 2: Unit #: 5534; Tenant Name: Getta A Groom; Square Footage: 1,100; Monthly Rent: 927; Price Per SqFt: 0.84; Status: Leased
Unit 3: Unit #: 5530; Tenant Name: Paradise Smokes; Square Footage: 854; Monthly Rent: 854; Price Per SqFt: 1; Status: Leased
Unit 4: Unit #: 5526; Tenant Name: Great Clips; Square Footage: 1,000; Monthly Rent: 1,122; Price Per SqFt: 1.12; Status: Leased
Unit 5: Unit #: 5522; Tenant Name: GNC; Square Footage: 1,200; Monthly Rent: 1,896.2; Price Per SqFt: 1.58; Status: Leased
Unit 6: Unit #: 5518; Tenant Name: Metro PCS; Square Footage: 1,590; Monthly Rent: 1,399; Price Per SqFt: 0.88; Status: Leased
Unit 7: Tenant Name: Vacant; Square Footage: 3,515; Status: Vacant

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Storefront

Building Size

10,321 SF

Year Built

2001

Price

$1,300,000

Price Per SF

$126

Cap Rate

NOI

$91,000

Percent Leased

86%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.24

Lot Size

0.97 AC

Zoning

General Commercial - Contact listing Broker, Terry Nash for more zoning information (541)891-7704

Frontage

350 FT on S. 6th

MAJOR TENANTS

Gette Groom
Services
1,100 SF
$0.84
Triple Net
-

GNC
Retailer
1,200 SF
$1.58
-
-

Great Clips
Professional, Scientific, and Technical Services
1,000 SF
$1.12
-
-

Little Caesars
Accommodation and Food Services
1,200 SF
$1.33
Triple Net
-

Metro PC
Retailer
1,590 SF
$0.88
-
-

Paradise Smokes
Retailer
827 SF
$1.00
-
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
Gette Groom	Services	1,100 SF	$0.84	Triple Net	-
GNC	Retailer	1,200 SF	$1.58	-	-
Great Clips	Professional, Scientific, and Technical Services	1,000 SF	$1.12	-	-
Little Caesars	Accommodation and Food Services	1,200 SF	$1.33	Triple Net	-
Metro PC	Retailer	1,590 SF	$0.88	-	-
Paradise Smokes	Retailer	827 SF	$1.00	-	-

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