1863 NW Washington Blvd - Retail FOR SALE


Grants Pass, OR 97526
$1,700,000 USD
541-944-9967
1863 NW Washington Blvd, Grants Pass, OR for Sale
$1,700,000 USD
Retail - FOR SALE
1/49
null | Request Cap Rate

1863 NW Washington Blvd
Grants Pass, OR 97526


OVERVIEW

RE/MAX Integrity Grants Pass, in partnership with Merit Commercial Real Estate, is pleased to exclusively present 1863 NW Washington Boulevard, an extremely rare and desirable taphouse sale-leaseback investment opportunity in beautiful Grants Pass, Oregon (the "Property"). The Property is home to the thriving local icon, the Weekend Beer Company (hereafter, "WBC"). Originally beginning as a brewery operation in 2018, the home of WBC celebrated a grand opening in early 2021, and has seen explosive growth and community love ever since. The mostly level, rectangular shaped 2.42 acre lot encompasses 3 tax lots, and presents the rare option of flexibility: a buyer may choose to take down the Property purely as a leased investment at a strong return, or could pursue significant additional development. Potential development options are available upon request to the listing brokers. Approved plans are on hand for a phased development adding 26,850 SF of similar industrial space across 2 new buildings. While the site lends itself well to that style of development, prospective buyers are not limited to a single site plan. The tenant, Weekend Beer Company, is an established, thriving brewery that has fostered a true destination - housing a well-located, excellent gathering space for locals and travelers alike. The family-friendly atmosphere at Weekend Beer is supported by a curated mix of up to 4 food truck spaces, providing a beloved mix of local food options within the 8,500 SF fenced courtyard surrounding the brewery. The Property is a rare development that was 'done right' - the newer construction warehouse is a flexible clear-span steel-frame structure, with an intuitive and forward-thinking layout. All systems, utilities, and major improvements were thoughtfully designed, and allow for a convenient path for the next phase of the Property. The opportunity at 1863 is clear for prospective buyers - an excellent investment property with room to grow. Contact Robyn Lasky at

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$327 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Weekend Beer Co Brewery Sale-Leaseback

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Restaurant, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

I-P

APN/PARCEL ID

R307651,R307657,R307660

ASK ABOUT THIS PROPERTY

Caspian HoehneRE/MAX IntegrityMore Info
541-944-9967

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Caspian HoehneRE/MAX IntegrityMore Info
541-944-9967

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