AutoZone in Medford,
For Sale
Contact for pricing
Medford Ctr, Medford, OR
NN leased AutoZone with 15-year primary term.
Property Size35,238 SF
Lot Size3.07 Acres
Price / SF$200.47
Days on Market360
Property Features for Medford Ctr
General Information
Standard status
Active
Size
35,238 SF
Lot size
3.07 Acres
Property subtype
RETAIL
Listing Agency:
JLL | Miami
(305) 913-5545
Listed By:
Alex Sharrin · License #IL 475.170243
(305) 913-5545
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 19 at 3:11PM
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 JLL | Miami
Investment Insights
Based on property information with market context.
The property offered for sale is an AutoZone located at 981 Medford Center in Medford, Oregon. The property is subject to an NN lease with AutoZone as the tenant. The lease has a primary term of 15.0 years, with 7.0% rent escalations every 5 years and throughout the four, five-year renewal options. Landlord responsibilities are minimal. The property is located within one of Oregon’s fastest growing cities.
Key Highlights
- 15‑year primary lease term provides long‑term stability.
- NN lease structure minimizes landlord responsibilities.
- Investment‑grade credit tenant (AutoZone) reduces risk.
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
$487,511
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
6.90%
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%
$9,750,220
$9.8M
Cap Rate 7%
$6,964,443
$7.0M
Cap Rate 9%
$5,416,789
$5.4M
Market Conditions
NOI Build-Up for 35,238 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
$761.1K $21.60/SF
− Vacancy
−$64.7K −$1.84/SF
EGI
$696.4K $19.76/SF
− OpEx
−$208.9K −$5.93/SF
NOI
$487.5K $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%
$9,750,220
Cap Rate 7%
$6,964,443
Cap Rate 9%
$5,416,789
Alternative Uses
Best Use
Retail
$6.96M
$6.09M – $8.13M
NOI $487,511 @ 7.0% cap · market cap 6.90%
Second Best
Industrial
$3.21M
$2.81M – $3.75M
NOI $224,743 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$8.51M
$7.44M – $9.92M
NOI $595,381 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,699
Businesses Nearby
450k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 25%
Apparel 14%
Leisure 13%
Cinemark Tinseltown USA
Leisure
56,946 visits/mo
0.2 miles
Safeway
Groceries
39,088 visits/mo
0.3 miles
Burlington
Apparel
37,487 visits/mo
0.1 miles
Big Lots
Superstores
28,312 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,810 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 906 W Main St, Medford, OR 97501
- Penske Truck Rental — 411 N Fir St, Medford, OR 97501
- Enterprise Truck Rental — 610 N Central Ave, Medford, OR 97501
- The Helping Hand — 1 N Holly St, Medford, OR 97501
- Enterprise Rent-A-Car — 610 N Central Ave, Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Automotive property - NN leased AutoZone with 15-year primary term.
Where is this automotive property located?
The property is located at Medford Ctr Medford, OR.
What is the asking price?
The asking price for this property is $7,064,000.
What are key features of this property?
This property features: 15‑year primary lease term provides long‑term stability.; NN lease structure minimizes landlord responsibilities.; Investment‑grade credit tenant (AutoZone) reduces risk.
