NNN Retail Investment
For Sale
$5,300,000
2280 W Main St, Medford, OR 97501
For sale NNN retail property offered as a managed investment with tenant-based responsibility for expenses.
Property Size14,820 SF
Days on Market48
Property Features for 2280 W Main St
General Information
Standard status
Active
Size
14,820 SF
Property subtype
Retail
Building Details
Building Size
14,820 SF
Year Built
2010
Tenancy
Single
Listing Agency:
MJPCRE Group
(208) 353-1597
Listed By:
Mallisa Jackson · License #ID #SP40903
Source:
7s
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 6:46AM
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 MJPCRE Group
Investment Insights
Based on property information with market context.
This for-sale retail property is being marketed as an NNN investment opportunity. The offering is positioned for investors seeking a retail asset with a net lease structure, meaning key operating costs are typically handled by the tenant under the terms of the lease.
The property is located at 2280 W Main St in Medford, Oregon (97501). No additional building specifications, unit mix, lease term details, or tenant information are provided in the available remarks, so prospective buyers should review the lease documents and financials during due diligence.
For investors evaluating retail NNN holdings, this asset may be considered where the goal is to acquire a single retail property structured around tenant responsibility for certain expenses. Buyers and their representatives should confirm the specific NNN components included in the lease, as well as current occupancy status and any material lease provisions before proceeding. As with any investment, underwriting should be based on the executed lease terms and actual operating expense obligations rather than marketing statements. For a complete review, request offering materials tied to this transaction and confirm all details directly with the seller or managing agent.
The property is located at 2280 W Main St in Medford, Oregon (97501). No additional building specifications, unit mix, lease term details, or tenant information are provided in the available remarks, so prospective buyers should review the lease documents and financials during due diligence.
For investors evaluating retail NNN holdings, this asset may be considered where the goal is to acquire a single retail property structured around tenant responsibility for certain expenses. Buyers and their representatives should confirm the specific NNN components included in the lease, as well as current occupancy status and any material lease provisions before proceeding. As with any investment, underwriting should be based on the executed lease terms and actual operating expense obligations rather than marketing statements. For a complete review, request offering materials tied to this transaction and confirm all details directly with the seller or managing agent.
Key Highlights
- NNN retail investment property
- Year built: 2010
- Managed investment model with tenant‑based responsibility for expenses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$205,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,100,640
$4.1M
Cap Rate 7%
$2,929,029
$2.9M
Cap Rate 9%
$2,278,133
$2.3M
Market Conditions
NOI Build-Up for 14,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$320.1K $21.60/SF
− Vacancy
−$27.2K −$1.84/SF
EGI
$292.9K $19.76/SF
− OpEx
−$87.9K −$5.93/SF
NOI
$205.0K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,100,640
Cap Rate 7%
$2,929,029
Cap Rate 9%
$2,278,133
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.42M
NOI $205,032 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,399 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 29%
Groceries 20%
Home Improvements & Furnishings 17%
Albertsons
Groceries
29,929 visits/mo
0.1 miles
Black Bird
Home Improvements & Furnishings
25,311 visits/mo
0.3 miles
Taco Bell
Dining
14,092 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,061 visits/mo
0.2 miles
Muchas Gracias
Dining
13,288 visits/mo
0.1 miles
Demographics for 97501, OR
47,519
Population
19,370
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
90%
High-School Grad
45.3 sq mi
ZIP Area
1,049
Density / Sq Mi
$61,971
Median Household Income
$36,471
Median Earnings
$1,238
Median Rent
$325,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - For sale NNN retail property offered as a managed investment with tenant-based responsibility for expenses.
Where is this nnn property located?
The property is located at 2280 W Main St Medford, OR.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: NNN retail investment property; Year built: 2010; Managed investment model with tenant‑based responsibility for expenses
