Dollar Tree Center (Status: Available) 1995000

1200, 6th St, Grants Pass, OR  97526

We have been selected exclusively to market for sale the Dollar Tree Center, a 2 tenant NNN retail strip located in the rapidly growing Grants Pass/Medford MSA. Both Dollar Tree and A-1 Market have recently extended their leases for another 5 years in their respective spaces. Dollar Tree has been operating at this location since 2001, demonstrating strong historical occupancy at the Property. A-1 Market recently exercised into their first 5-year option at a rental rate 17% higher than their previous rate, with 2 more options to extend. Both leases offer rent escalations through their terms, providing an investor a long-term hedge against inflation. Dollar Tree features 10% rent increases every 5 years, and A-1 Market features 1% annual increases. Both tenants operate on NNN leases, reimbur

Listing Details

Asset Class: Retail
Year Built: 1956
Building Total Square Feet: 16535
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: GC

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.