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1600 Pine St Central Point, OR 97502

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High-Yield Ground Lease, Pilot Travel Center

Property Features for 1600 Pine St

General Information

Property type
Land
Lot Size
371,567 SF

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Listing Contact
Jared Pulver
Jared Pulver

Listing Agency: Pulver & Leever Real Estate Company Listing Agent: Jared Pulver

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

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Property Insight Report

Overview

Exceptional investment opportunity in Central Point, Oregon, featuring an 8.53-acre commercial land parcel (APN 10887817) at 1600 E Pine St, 97502. This fully developed property is currently leased to Pilot Travel Centers, LLC, under a long-term unsubordinated ground lease with a substantial remaining term of approximately 17.1 years, expiring January 1, 2042. The lease provides a stable annual net-net-net rent of $270,000, commencing January 1, 2022, representing a significant return on investment. The property is zoned C-4, allowing for a variety of commercial uses. This offering presents a compelling opportunity for passive income generation with a strong, established tenant and a considerable remaining lease term. The asking price is $6,000,000. Detailed lease documents are available upon execution of a confidentiality agreement and contract. This is a prime opportunity for investors seeking a secure, high-yield commercial land investment with a blue-chip tenant. The property's location in Central Point, Oregon, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, income-producing asset with significant long-term potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Central Point
County
Jackson
State
Oregon
Longitude
-122.8991123
Latitude
42.3779793

FAQs

What type of property is this?
Land - High-Yield Ground Lease, Pilot Travel Center
Where is this land located?
The property is located at 1600 Pine St Central Point, OR.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 8.53-acre commercial land parcel in Central Point, OR (APN 10887817) at 1600 E Pine St, 97502.; Long-term ground lease with Pilot Travel Centers, LLC, expiring January 1, 2042 (approx. 17.1 years remaining).; $270,000 annual net-net-net rent, commencing January 1, 2022.
(541) 773-5391 Call to check price and availability
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