Wendy’s NNN Restaurant
New
For Sale
$1,629,000
1010 Biddle Rd, Medford, OR 97504
The tenant covers common-area costs, taxes, insurance, and maintenance under the lease structure.
Property Size3,138 SF
Days on Market2
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Property Features for 1010 Biddle Rd
General Information
Standard status
Active
Size
3,138 SF
Property subtype
Retail
Zoning
C-C (Community Commercial)
Site & Location
Traffic Count
44,200 vehicles/day
Highway Access
Yes
Building Details
Building Size
3,138 SF
Year Built
1980
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Alexander Moore · License #02111286
(949) 230-1487
Source:
Srsre
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
Investment Insights
Based on property information with market context.
The property is leased to Wendy’s, which has operated at this location since 1980. The tenant is responsible for common-area costs, taxes, insurance, and property maintenance. At the end of the ground lease, the leased-fee owner will own the improvements.
The site occupies the signalized intersection of Biddle Road and E. McAndrews Road, where the combined traffic count is 44,200 vehicles per day. Biddle Road connects to Interstate 5. The property is a pad at Bear Creek Plaza, a 189,000-square-foot center anchored by Bi-Mart, Crunch Fitness, Dollar Tree, and Yami Market & Buffet.
Within five miles, the trade area includes 123,178 residents and 62,235 daytime employees. Average household income in that area is $96,865. The leased-fee interest is offered for sale.
The site occupies the signalized intersection of Biddle Road and E. McAndrews Road, where the combined traffic count is 44,200 vehicles per day. Biddle Road connects to Interstate 5. The property is a pad at Bear Creek Plaza, a 189,000-square-foot center anchored by Bi-Mart, Crunch Fitness, Dollar Tree, and Yami Market & Buffet.
Within five miles, the trade area includes 123,178 residents and 62,235 daytime employees. Average household income in that area is $96,865. The leased-fee interest is offered for sale.
Key Highlights
- Tenant pays CAM, taxes, insurance, and maintenance
- Wendy’s has operated at the location since 1980
- Signalized corner at Biddle Road and E. McAndrews Road; 44,200 vehicles per day combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,370
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,400
$927.4K
Cap Rate 7%
$662,429
$662.4K
Cap Rate 9%
$515,222
$515.2K
Market Conditions
NOI Build-Up for 3,138 SF
Gross rent
$68.9K $21.96/SF
− Vacancy
−$7.1K −$2.26/SF
EGI
$61.8K $19.70/SF
− OpEx
−$15.5K −$4.93/SF
NOI
$46.4K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,400
Cap Rate 7%
$662,429
Cap Rate 9%
$515,222
Alternative Uses
Best Use
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,370 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.4K
$662.8K – $883.7K
NOI $53,020 @ 7.0% cap · market cap 3.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
44,200 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
344k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 24%
Apparel 12%
Superstores 8%
Barnes & Noble
Shops & Services
31,850 visits/mo
0.4 miles
Big Lots
Superstores
28,312 visits/mo
0.2 miles
JCPenney
Apparel
27,304 visits/mo
0.3 miles
Dollar Tree
Shops & Services
24,810 visits/mo
0.2 miles
Bi-Mart
Shops & Services
20,196 visits/mo
0.2 miles
Demographics for 97504, OR
49,942
Population
21,290
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
43.3 sq mi
ZIP Area
1,153
Density / Sq Mi
$81,233
Median Household Income
$43,744
Median Earnings
$1,387
Median Rent
$447,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The tenant covers common-area costs, taxes, insurance, and maintenance under the lease structure.
Where is this nnn property located?
The property is located at 1010 Biddle Rd Medford, OR.
What is the asking price?
The asking price for this property is $1,629,000.
What are key features of this property?
This property features: Tenant pays CAM, taxes, insurance, and maintenance; Wendy’s has operated at the location since 1980; Signalized corner at Biddle Road and E. McAndrews Road; 44,200 vehicles per day combined
