1835 NE 7th St
Grants Pass, OR 97526
Burger King · Retail Property For Sale

The offering provides an investor with the opportunity to acquire a recently renovated drive-thru Burger King located in Grants Pass, OR. Burger King is on a long-term Absolute NNN lease that runs through July 2032, and is operated by an experienced franchisee with a strong personal guaranty (contact broker for details). The lease features attractive 10% rent increases every five years throughout the primary term and in each of the three 5- year options. The subject property features excellent visibility and signage, including a prominent pylon sign that is visible from I-5, the major interstate bringing traffic to and from area. The subject property is an oversized lot with a total of 2.34 acres, with only half of the lot currently developed. Burger King is located along 7th street, a primary north-south corridor through town and the center of growth in Grants Pass. AllCare Health recently completed the construction of a brand new 45,000 sf three story office immediately adjacent to the subject property. The new facility will further bolster the draw and traffic to the property. Other recent major developments in the immediate vicinity include the 101 room Hampton Inn, which celebrated its Grand Opening on June 25th, 2019. The construction of the new hotel is indicative of the strength of the tourism industry for Grants Pass, driven by tens of thousands of visitors to the Rogue River every year.