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.