1600 Pine St Central Point, OR 97502
- Automotive properties
- 3,368 SF
- 3.37 lot acres
Current Use by Public Records
- Automotive properties
Property Details for 1600 Pine St
- Year built
- 2018
- Lot size
- 3.37 lot acres
- Property size
- 3,368 SF
- Zone code
- IC
- Property type
- Automotive properties
- APN
- 1-0887833
- APU
- 10887833
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Central Point
- County
- Jackson
- State
- Oregon
- Longitude
- -122.899
- Latitude
- 42.3779
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
