Grants Pass Shopping Center

903 NE D St., Grants Pass, OR

Contacts for this property:

Regional and daily needs shopping center in premier retail corridor.


Grants Pass Shopping Center is a combined 14-parcel, 326,870 square foot regional shopping center with a value add component upon absorption of remaining available space including an LOI received by IHOP, lease pending negotiation with Buyer. Comprised of portions I and II, each portino is separately-owned but must be purchased together.
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Price$31,880,000
Cap Rate8.00%
Leasable Sq Ft326,870 SF
Land Area29.75 AC
Price Per SQ Ft$98
Lease TypeNNN
Year Built1966
TenantsPetco, Staples, Rite Aid, JCPenny, Jo-Ann Fabrics, Maurices, Aarons, etc.

Investment highlights


- Excellent co-tenancy and cross shopping within greater shopping center.
- Benefits from daily needs draw with dense surrounding residential.
- Strong performing anchor tenants with healthy sales.
- Anchored by variety of national retailers.
- Priced on in-place income with exceptional yield upside via lease-up LOI received by IHOP.