Address Map
US
OR
Josephine
Grants Pass
97526
6th St
1200
W124° 40' 36.9''
N42° 27' 1.6''
NW
Additional Information
Clayton Brown
30045
974500
59,043 Sqft
Dollar Tree Center
Not Assigned
1
Masonry
98101
WA
Seattle
401 Union Street, 32nd fl
Property Description

Marcus & Millichap’s has been selected exclusively to market for sale the Dollar Tree Center, a 2 tenant NNN retail strip located in the rapidly growing Grants Pass/Medford MSA. Both Dollar Tree and A-1 Market have recently extended their leases for another 5 years in their respective spaces. Dollar Tree has been operating at this location since 2001, demonstrating strong historical occupancy at the Property. A-1 Market recently exercised into their first 5-year option at a rental rate 17% higher than their previous rate, with 2 more options to extend. Both leases offer rent escalations through their terms, providing an investor a long-term hedge against inflation. Dollar Tree features 10% rent increases every 5 years, and A-1 Market features 1% annual increases. Both tenants operate on NN

For Sale

1200 6th St, Grants Pass, Oregon 97526

  • Square Footage: 16,535 Sqft
$1,900,000
Listing ID#692853
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Basic Details
Property Type : Retail
Listing Type : For Sale
Listing ID : 692853
Price : $1,900,000
Square Footage : 16,535 Sqft
Year Built : 1956
Status : Active
Office Name : Marcus & Millichap, Inc.
Property Sub Type : Retail
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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Marcus & Millichap, Inc.