34 Vilas Rd Medford, OR 97502-3260
- Commercial kitchens
- 364 SF
- 0.71 lot acres
Current Use by Public Records
- 7-Eleven / Gas Station
Property Details for 34 Vilas Rd
- Lot size
- 0.71 lot acres
- Property size
- 364 SF
- Zone code
- AD-MU
- Property type
- Commercial kitchens
- APN
- 1-0461250
- APU
- 10461250
Description
This exceptional investment opportunity presents a brand-new, 4,088 square foot 7-Eleven convenience store and gas station located at 34 E Vilas Rd, Medford, Oregon 97502. Built in 2023, this single-story property sits on a 1.45-acre lot and boasts 23 parking spaces. The property benefits from a highly visible corner location at the intersection of Table Rock and Vilas Roads, with exposure to over 20,000 vehicles daily. The 15-year NNN lease with 7-Eleven, a premier investment-grade tenant, commenced in April 2023. This is a triple-net (NNN) lease, meaning the tenant is responsible for most operating expenses, minimizing landlord responsibilities. The asking price is $6,737,000, representing a 5.30% cap rate. The Medford MSA is Oregon's fourth largest metro area, and the property's proximity to the Rogue Valley International Medford Airport, offering direct flights to major West Coast cities, further enhances its desirability. This is a rare opportunity to acquire a high-performing asset with a long-term lease from a financially stable, nationally recognized brand. The property's APN is 11012530. This investment offers strong cash flow and significant long-term growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $610,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $840,000
- 6.5%
- $850,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $840,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $865,000
- Mixed-Use
- $825,000
- Hospitality
- $965,000
- Educational
- $815,000
- Residential Income
- $1,000,000
- Energy
- $875,000
- Income-Based Land
- $935,000
- Food Service
- $880,000
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.885
- Latitude
- 42.3889
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA