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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

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    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.**
    (206) 826-5700
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    1200-1214 NW 6Th St Grants Pass, OR 97526
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    Grants Pass, OR 97526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200-1214 NW 6Th St Grants Pass, OR 97526
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