1238 SE Riverside Ave - Fast Food FOR SALE


Medford, OR 97501
$1,610,000 USD
952-356-0100
1238 SE Riverside Ave, Medford, OR for Sale
$1,610,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

1238 SE Riverside Ave
Medford, OR 97501


HIGHLIGHTS

  • High-quality build-to-suit, absolute NNN Jimmy John’s and drive-thru, with approximately nine years remaining on an original 15-year lease
  • 7.5% rent increases scheduled every ?ve years, including at the start of all three, ?ve-year option periods, offering a strong hedge against in?ation
  • Growing multi-unit operator with strong net worth, operating Jimmy John's locations in Southern Oregon and California as well as additional franchises
  • The Property has high exposure along main arterial, S Riverside Drive, with 17,500 VPD+
  • Located across the street from a Grocery Outlet, Goodwill, and Staples-anchored shopping center
  • Adjacent to a 79-acre mixed-use, master-planned community featuring residential, retail, and a 64K SF Providence medical facility with urgent care

OVERVIEW

The Offering is an absolute NNN single tenant Jimmy John’s adjacent to a recently developed master planned community. There are approximately nine years remaining on an absolute NNN lease with an established multi-unit operator in Oregon and California. The building is high-quality build-to-suit construction with a drive-thru, exposed to high traffic counts of 17,500+ VPD with frontage on a main arterial, S Riverside Drive. The Property benefits from an increased draw to the trade area via nearby major national retailers.

FOR SALE DETAILS

PRICE

$1,610,000 USD

PRICE/SF

$789 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jimmy Johns

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C-R

APN/PARCEL ID

10378789

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
952-356-0100

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Sean MackNorthmarqMore Info
952-356-0100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.