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    1600 Pine St Central Point, OR 97502

    Sponsored
    For Sale
    $6,000,000

    High-Yield Ground Lease, Pilot Travel Center

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 1600 Pine St

    General Information

    Property type
    Land
    Lot Size
    371,567 SF

    HighLights

    • 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.
    • C‑4 zoning allows for various commercial uses.
    • Asking price: $6,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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

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    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.
    Request Owner's contact information
    1600 Pine St Central Point, OR 97502
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    Central Point, OR 97502
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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
    1600 Pine St Central Point, OR 97502
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