Retail    

Jimmy John's

 Medford, Oregon

Asking Price

$1,610,000

Cap Rate

6.00%

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Year Built

2016

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High Quality

Build-To-Suit

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Avg HHI

$84,222

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Leasable SF

2,040 SF

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High Exposure

Along Main Arterial

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INVESTMENT 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 five years, including at the start of all three, five-year option periods, offering a strong hedge against inflation
  • Growing multi-unit operator with strong net worth, operating Jimmy John's locations in Southern Oregon and California as well as additional franchise concepts owned in California
  • 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, and in close proximity to a Fred Meyer, Walmart Supercenter, Winco Foods, and more, providing additional traffic and draw to the area
  • Adjacent to a 79-acre mixed-use, master-planned community, Stewart Meadows Village, featuring residential, retail, and a 64,000 SF Providence medical facility with urgent care

Exclusively Listed By

Sean Mack

Senior Vice President
  smack@northmarq.com      503.675.8378
OR Lic. #990100161

 

Northmarq

4949 Meadows Road, Suite 490
Lake Oswego, OR 97035


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