1000 Biddle Rd - Bank FOR SALE


Medford, OR 97504
$1,331,000 USD
949-230-1487
1000 Biddle Rd, Medford, OR for Sale
$1,331,000 USD
Bank - FOR SALE
1/9
null | 4% Cap Rate

1000 Biddle Rd
Medford, OR 97504


HIGHLIGHTS

  • New 10-Year Lease Extension | Below Market Rent (39% of Fair Market)
  • Interstate Bank (NASDAQ: FIBK) Corporate Guaranty | 20-Year Operating History at Location
  • Pad to Bear Creek Plaza | 3.1 Million Annual Visitors per Placer.ai | Top Ranked Tenants Nationwide per Placer.ai
  • Absolute NNN | Leased Fee Ownership | No Landlord Responsibilities
  • Fastest Growing Region in Oregon | High Traffic 44,200 VPD Intersection | Excellent Visibility & Access | Directly off I-5 Fwy

OVERVIEW

• New 10-Year Lease Extension with 13% rent increase at next option • Corporate Guaranty, First Interstate Bank (NASDAQ: FIBK), a 273-location publicly traded Bank that is extremely well capitalized with $28 billion Assets, $22.6 billion deposits and net income of over $302 million as of June 2025 • Current Rent of $53,247 is approximately 39% of Fair Market Value, providing investors long term stability and large value-add and re-pricing opportunity at renewal • Top 3% Interstate Bank Location Nationwide and #1 Location in Oregon, per Placer.ai • Strong Branch Level Deposits of $107.44 Million per FDIC

FOR SALE DETAILS

PRICE

$1,331,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

First Interstate Bank | Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-C

APN/PARCEL ID

1-0566633

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.