Single Tenant Net Leased
For Sale
Contact for pricing
2000 Biddle Rd, Medford, OR 97504
Single tenant property with long-term lease and rent escalations.
Property Size5,913 SF
Price / SF$514.31
Days on Market2843
Property Features for 2000 Biddle Rd
General Information
Standard status
Active
Size
5,913 SF
Property subtype
Retail
Zoning
C-R
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$143,447
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Pulver & Leever Real Estate Company
Listed By:
Jared Pulver · License #OR 200508084
(541) 773-5391
Source:
Crexi
Added: Jan 3, 2019
Changed: Oct 13
Last Checked: Oct 16 at 9:10AM
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 Pulver & Leever Real Estate Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a single tenant net leased property. The tenant is an Elmer’s franchisee, operating one of their six locations in Oregon. The base rent is subject to upward adjustments of 6% every 2 years. The lease agreement also includes a percentage rent clause. The current base rent is $143,447.76. The property size is 5,913 square feet and is located at 2000 Biddle Rd, Medford, OR 97504.
Key Highlights
- Single tenant net leased property provides simplified management.
- Elmer's franchisee tenant with six locations in Oregon indicates a stable and established business.
- Base rent is currently $143,447.76, providing immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,376
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,520
$1.7M
Cap Rate 7%
$1,248,229
$1.2M
Cap Rate 9%
$970,844
$970.8K
Market Conditions
NOI Build-Up for 5,913 SF
Gross rent
$129.8K $21.96/SF
− Vacancy
−$13.3K −$2.26/SF
EGI
$116.5K $19.70/SF
− OpEx
−$29.1K −$4.93/SF
NOI
$87.4K $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%
$1,747,520
Cap Rate 7%
$1,248,229
Cap Rate 9%
$970,844
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,376 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,906 @ 7.0% cap · market cap 3.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
639k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 23%
Superstores 18%
Apparel 17%
Shops & Services 17%
Target
Superstores
116,381 visits/mo
0.2 miles
Fred Meyer
Groceries
78,277 visits/mo
0.3 miles
In-N-Out Burger
Dining
64,507 visits/mo
0.4 miles
Kohl's
Apparel
43,012 visits/mo
0.4 miles
Best Buy
Electronics
42,951 visits/mo
0.4 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
Similar Off Market Nearby
- Ahuva Bagel Co. — 1130 Biddle Rd, Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Single tenant property with long-term lease and rent escalations.
Where is this breakfast & diner located?
The property is located at 2000 Biddle Rd Medford, OR.
What is the asking price?
The asking price for this property is $3,041,090.
What are key features of this property?
This property features: Single tenant net leased property provides simplified management.; Elmer's franchisee tenant with six locations in Oregon indicates a stable and established business.; Base rent is currently $143,447.76, providing immediate income.
