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1200-1214 NW 6Th St Grants Pass, OR 97526

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For Sale
$1,750,000

Two-tenant retail strip in Grants Pass, OR with upside.

Property size:
16,535 SF
Lot size:
1.36 Acres

Property Features for 1200-1214 NW 6Th St

General Information

Size
16,535 SF
Lot size
1.36 Acres

Source: Marcus & Millichap, Inc. Agent Clayton Brown

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

High-Yield Retail Strip For Sale

This retail strip center, located in Grants Pass, OR (Medford, OR MSA), features two tenants operating on NNN leases: Dollar Tree and A-1 Market. Dollar Tree has been operating at this location since 2001 and exercised a 5-year option in 2022. The lease is corporately guaranteed by Dollar Tree, Inc. (NYSE: DLTR). A-1 Market exercised its first 5-year option early at a rental rate 17% higher than the previous rent and 2 additional options to extend. The A-1 Market lease is guaranteed by the operating entity that operates all 10 of its locations and also features a Personal Guaranty from both owners. Both leases offer rent escalations through their terms. Dollar Tree features 10% rent increases every 5 years, and A-1 Market features 1% annual increases. Dollar Tree opened 725 new stores in 2024 and renovated 1,621 existing stores. The location serves a community of over 54,000 residents within a 5-mile radius, with average household incomes of approximately $70,000.
Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Grants Pass
County
Josephine
State
Oregon
Longitude
-123.322923
Latitude
42.45081

FAQs

What type of property is this?
Strip mall - Two-tenant retail strip in Grants Pass, OR with upside.
Where is this strip mall located?
The property is located at 1200-1214 NW 6Th St Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: - High 14.07% cash-on-cash return in the first year.; - Leases are NNN, with tenants reimbursing for CAM, insurance, and property taxes.; - **Dollar Tree's lease is corporately guaranteed by Dollar Tree, Inc. (NYSE: DLTR), a Fortune 500 company.**
More about this property
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