5262 Crater Lake Ave - Retail FOR SALE
Central Point, OR 97502 |
$1,656,000 USD
574-270-0361
5262 Crater Lake Ave
Central Point, OR 97502
HIGHLIGHTS
- Long-Term Lease with Established National Operator: Single-tenant property leased to Classic Collision through July 31, 2031
- Attractive Built-In Rent Growth: Lease features 2% annual rent increases, delivering consistent income growth and a hedge against inflation
- Fair Market Rent Upside at Option Periods: Lease includes fair market rent adjustments at the commencement of each renewal option
- Highly Ranked Location with Strong Demographics: Property location ranks in the 84th percentile nationally and is the #1 ranked location in Oregon
- Functional, Modern Automotive Facility: ±8,000 SF building (with additional 2,000 SF of Breeze-way) situated on a ±1.36-acre parcel
- Strong Real Estate Fundamentals: Large land-to-building ratio provides long-term residual value and potential adaptability
FOR SALE DETAILS
PRICE
$1,656,000 USD
PRICE/SF
$212 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Classic Collision
PROPERTY TYPE
Retail
ADD'L SUBTYPES
undefined, Auto Repair, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.36 AC
LAND SF
59,242 SF
ZONING
GC
APN/PARCEL ID
10459667
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574-270-0361
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574-270-0361
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