The Shoppes at Grants Pass 820 NE E St 31,550 SF 100% Leased Retail Building Grants Pass, OR 97526 $6,300,000 ($199.68/SF) 8.43% Cap Rate
EXECUTIVE SUMMARY
The Shoppes at Grant Pass (the “Property”) represents the inline component of the larger shopping center, called Grants Pass Shopping Center. The rent roll has been optimized with several recent lease renewals and new tenant signatures, offering an atypically long weighted average lease term (WALT) of 4.33 years. The tenants are particularly well suited to the market with a compelling array of daily-need retailers and medical/dental users. With an occupancy of 82%, the Property presents as a value-add opportunity. If the vacant suites are leased at “market” rents, the NOI is projected to increase by $106,000. The “Stabilized” cap rate is projected just under 8.50%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
31,550 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$6,300,000
Price Per SF
$199.68
Cap Rate
8.43%
NOI
$531,090
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.91 AC
Opportunity Zone
Yes
Zoning
GC
Parking
25 Spaces (0.79 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- All About Parties
- Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| All About Parties | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R310872 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,666,490 |
