Single Tenant Net Leased
2000 Biddle Rd Medford, OR 97504
2000 Biddle Rd, Medford, OR, 97504
Contact for pricing
For Sale
Contact for pricing
Single tenant property with long-term lease and rent escalations.
Property Size5,913 SF
Price / SF$514.31
Days on Market2753
Property Features for 2000 Biddle Rd
General Information
- Standard status
- Active
- Size
- 5,913 SF
- Property subtype
- Retail
Listing Agency
Pulver & Leever Real Estate Company
(541) 773-5391
Listed by
Jared Pulver · License #OR 200508084
Source
Crexi
Added: Jan 3, 2019 Checked: Jul 17 at 1:01 pm
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
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.8k | $21.96 |
| − Vacancy | −$13.3k | −$2.26 |
| EGI | $116.5k | $19.70 |
| − OpEx | −$29.1k | −$4.93 |
| NOI | $87.4k | $14.78 |
5,913 SF · lease $21.96/SF/yr · vacancy 10.28% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elmer's Restaurant (North ...
Restaurant
Cardtronics ATM
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- Ahuva Bagel Co. — 1130 Biddle Rd, Medford, OR 97504
FAQs
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.
