The Shoppes at Grant Pass (the “Property”) represents the inline component of the larger shopping center, called Grants Pass Shopping Center. The rent roll has been optimized with several recent lease renewals and new tenant signatures, offering an atypically long weighted average lease term (WALT) of 4.33 years. The tenants are particularly well suited to the market with a compelling array of daily-need retailers and medical/dental users. With an occupancy of 82%, the Property presents as a value-add opportunity. If the vacant suites are leased at “market” rents, the NOI is projected to increase by $106,000. The “Stabilized” cap rate is projected just under 8.50%.