Three-Tenant Retail Strip
New
For Sale
$3,120,000
1136 Biddle Rd, Medford, OR 97504
Three operators occupy the center under NNN leases, including a fast-food tenant with a drive-thru.
Property Size5,304 SF
Price / SF$588.24
Days on Market1
Property Features for 1136 Biddle Rd
General Information
Standard status
Active
Size
5,304 SF
Property subtype
Shopping Strip
Occupancy
100%
Site & Location
Drive-Thru
Yes
Traffic Count
43,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Amenities
Carl's Jr Anchored Three-Tenant NNN Strip
Pad to Bear Creek Plaza | 3M+ Visits Annually
Irreplaceable Location w/ Excellent Visibility and Access
Dominant Trade Area
High Performing Carl's Jr. w/ Drive-Thru | Top 23% Nationally
Strong Historical Occupancy
Attractive Rent Increases
Solid Demographics
Building Details
Building Size
5,304 SF
Year Built
2010
Buildings
1
Tenancy
Multi
Abandoned
No
Listed By:
Clay Brown · License #License(s): WA: 123258, ID: SP56979
(206) 826-5787
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:44PM
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 Clay Brown
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Investment Insights
Based on property information with market context.
Built in 2010, this 5,304-square-foot retail strip center is fully occupied by Carl’s Jr., Boba Time, and Happy Nails. The Carl’s Jr. location includes a drive-thru. Each tenant operates under an NNN lease; contractual increases are 10% every five years for Carl’s Jr. and 3.00% annually for Boba Time and Happy Nails. Tenant tenure is 17+ years for Carl’s Jr., 16+ years for Happy Nails, and 6+ years for Boba Time.
The property is a pad to Bear Creek Plaza, which draws 3M+ annual visits and is shadow-anchored by Bi-Mart, Dollar Tree, Boot Barn, Crunch Fitness, McDonald’s, and Wendy’s. It sits beside the signalized intersection of Biddle Road and E McAndrews Road, with two ingress and egress points on opposite sides of the building. Traffic counts are 43,300+ VPD at the intersection, 55,300+ VPD on I-5, and 49,000+ VPD on OR-62. The broader retail area also includes Rogue Valley Mall, Fred Meyer, Target, Providence Medford Medical Center, and Rogue Valley International Airport.
The property is a pad to Bear Creek Plaza, which draws 3M+ annual visits and is shadow-anchored by Bi-Mart, Dollar Tree, Boot Barn, Crunch Fitness, McDonald’s, and Wendy’s. It sits beside the signalized intersection of Biddle Road and E McAndrews Road, with two ingress and egress points on opposite sides of the building. Traffic counts are 43,300+ VPD at the intersection, 55,300+ VPD on I-5, and 49,000+ VPD on OR-62. The broader retail area also includes Rogue Valley Mall, Fred Meyer, Target, Providence Medford Medical Center, and Rogue Valley International Airport.
Key Highlights
- 100% occupied by Carl’s Jr., Boba Time, and Happy Nails
- 5,304 square feet; built in 2010
- All three tenants have NNN leases, with contractual rent increases
Property Analytics
Current Use
Lease Details
43,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
343k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 26%
Apparel 11%
Superstores 8%
Barnes & Noble
Shops & Services
31,850 visits/mo
0.3 miles
Big Lots
Superstores
28,312 visits/mo
0.1 miles
JCPenney
Apparel
27,304 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,810 visits/mo
0.1 miles
7-Eleven
Shops & Services
22,043 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Three operators occupy the center under NNN leases, including a fast-food tenant with a drive-thru.
Where is this strip mall located?
The property is located at 1136 Biddle Rd Medford, OR.
What is the asking price?
The asking price for this property is $3,120,000.
What are key features of this property?
This property features: 100% occupied by Carl’s Jr., Boba Time, and Happy Nails; 5,304 square feet; built in 2010; All three tenants have NNN leases, with contractual rent increases
