1200 6th St Grants Pass, OR 97526-1254
- Investment properties
- 15,362 SF
- 0.92 lot acres
Current Use by Public Records
- Dollar Tree / Toy Store / Variety Store
Property Details for 1200 6th St
- Year built
- 1956
- Lot size
- 0.92 lot acres
- Property size
- 15,362 SF
- Zone code
- GC; GENERAL COMM
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 36-05-08-CC-000200
- APU
- 360508CC000200
Description
This exceptional investment opportunity presents a fee-simple, 16,535 square foot retail center in Grants Pass, Oregon. The property boasts 100% occupancy with two strong tenants: Dollar Tree and A-1 Market. Both tenants recently extended their leases, securing long-term income streams. Dollar Tree, a Fortune 500 company, occupies a significant portion of the space and benefits from a corporate guarantee. Their lease includes a 10% rent increase every five years. A-1 Market's lease features a 17% rent increase upon renewal and annual 1% increases thereafter. Both leases are NNN, minimizing landlord responsibilities. Built in 1956 and renovated in 2023, the property sits on a 0.92-acre lot and generates a substantial net operating income (NOI) of $164,404, representing an 8.24% cap rate at an asking price of $1,995,000 ($120.65/sq ft). The Grants Pass market shows significant population growth, exceeding 9% within a 1-mile radius since 2010, making this a compelling investment with strong tenant guarantees and built-in rent escalations, providing a hedge against inflation. The property's location within the rapidly growing Grants Pass/Medford MSA further enhances its appeal. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grants Pass
- County
- Josephine
- State
- Oregon
- Longitude
- -123.323
- Latitude
- 42.4501
- CBSA code
- 24420
- CBSA name
- GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA
