Retail    

Dollar Tree Center

 Klamath Falls, OR

Asking Price

$3,980,000

Cap Rate

7.70%

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Location

Signalized Corner

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Square Feet

36,630 SF

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Occupancy

95%

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Lease Extensions

Recent 10yr & 5yr

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Dollar Tree, Rent-A-Center (RAC), and Dutch Bros have occupied the center since major renovation of the building in 2004. The Property is currently undergoing facade, painting, parking lot, and landscaping upgrades, north of $40,000.
  • Recent 10 and five-year extensions executed by Dollar Tree and RAC, respectively.
  •  All current tenants have resided at the Property for over 10 years and provide a dynamic mix of drive-thru food and beverage, personal and professional services, and discount retail.
  • Immediate value-add opportunity provided at Dutch Bros. next option in January 2025; Dutch Bros is currently paying significantly below market rent of $15,840 annually, whereas annual market rents are typically three to six times higher.
  • The Property has frontage on the city’s main daily-needs retail corridor, situated at the signalized corner of S 6th and Austin Streets.
  • The majority of destination traffic headed to Crater Lake National Park, north from California, will travel through Klamath Falls as the primary route.

Exclusively Listed By

Kevin Adatto

Managing Director
  kadatto@northmarq.com      503.675.7726
OR Lic #200003168

Northmarq

130 Nickerson St. Suite 200
Seattle, WA 98109


northmarq.com