820 NE E St - Storefront Retail/Office FOR SALE
Grants Pass, OR 97526 |
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.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
The Shoppes at Grants Pass
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
31550
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
160
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
R310872
