820 NE E St - Storefront Retail/Office FOR SALE


Grants Pass, OR 97526
$6,720,000 USD
206-693-3352
820 NE E St, Grants Pass, OR for Sale
$6,720,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 8% Cap Rate

820 NE E St
Grants Pass, OR 97526


HIGHLIGHTS

  • Priced well below replacement cost ($213/SF), with additional upside upon lease-up of the sole vacancy. Cash on cash return is well above 8%.
  • Pads to the larger Grants Pass Shopping Center, which welcomes over three million annual visits (Placer.ai).
  • Significant leasing momentum, with five new leases and one extension in 2025.
  • Occupied by a diverse mix of service-oriented retail and medical tenants.
  • Built-in rent growth, with nine of eleven tenants having annual rent increases.
  • Additional upside potential upon lease-up of the sole vacancy.

OVERVIEW

Situated as pads to the highly popular Grants Pass Shopping Center, the Shoppes at Grants Pass consists of two multi-tenant retail pad buildings and a single-tenant Aaron’s pad. The Property has strong leasing momentum since being acquired by new ownership in the last twelve months. Five new leases, and one extension, have been signed in 2025, contributing to a diverse mix of service-oriented retail and medical tenants. Nine of the eleven current tenants have annual rent increases, providing consistent income growth. Priced well below replacement cost at $213/SF, the Property offers a strong cash on cash return of over 8%. Additional upside remains through lease-up of the sole vacancy. Situated directly off Grants Pass Parkway—the area’s primary commercial corridor with over 23,000 vehicles per day—the Offering benefits from exceptional visibility and access. It is adjacent to four national grocers that collectively draw over six million visits annually (Placer.ai). Grants Pass Shopping Center has secured over 85,000 square feet of national tenancy since 2021 and sees more than three million annual visits (Placer.ai). A new TPO roof was installed in 2021 with a transferrable warranty.

FOR SALE DETAILS

PRICE

$6,720,000 USD

PRICE/SF

$487 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes at Grants Pass

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

GC

APN/PARCEL ID

R310872,R341662

ASK ABOUT THIS PROPERTY

Sean TuftsNorthmarqMore Info
206-693-3352

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Sean TuftsNorthmarqMore Info
206-693-3352

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