8177 Plaza Way - Retail FOR SALE


White City, OR 97503
$2,062,000 USD
415-413-3005
8177 Plaza Way, White City, OR for Sale
$2,062,000 USD
Retail - FOR SALE
1/6
null | 4.85% Cap Rate

8177 Plaza Way
White City, OR 97503


HIGHLIGHTS

  • New 20-year absolute NNN lease to Les Schwab, a regional U.S.-based tire retailer and automotive service center operator with over 500 locations.
  • 10% rental increases every five (5) years throughout initial term and six (6) option periods, ideal for ensuring consistent income growth.
  • Corporately guaranteed by LS Group Parent OpCo, LLC, strengthening investment security.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • In December 2024, Les Schwab acquired Four States Tire & Service, reinforcing its regional expansion strategy
  • Les Schwab’s growth in 2025 is supported by a larger, growing U.S. automotive service market and aging vehicle fleet.

OVERVIEW

High-visibility location near the signalized four-way intersection of Crater Lake Highway and Avenue G, allowing for excellent accessibility. Corporately guaranteed by LS Group Parent OpCo, LLC, strengthening investment security. The five-mile radius serves a populous region of 33,072, with an average annual household income of $97,040. Property features a beneficial proximity to Interstate 5, greatly increasing accessibility to both local and commuter traffic (38,430 AADT). Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Les Schwab and White City for steady concurrent growth.

FOR SALE DETAILS

PRICE

$2,062,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

-

APN/PARCEL ID

11015143

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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