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Shops to Safeway | Klamath Falls, OR 5518-5534 S 6th St 10,459 SF 50% Leased Retail Building Klamath Falls, OR 97603 $1,840,000 ($175.93/SF) 9.09% Cap Rate



Investment Highlights
- Value-Add Shops to High-Performing Safeway (Top 15% Nationwide per Placer.ai with 1 Million Annual Visits)
- Proforma cap rate of 9.09%
- Excellent Frontage on South 6th Street Providing Excellent Visibility on One of the Busiest Thoroughfares in the Trade Area
- 66% occupied shops providing huge value-add through lease up of vacant suite
- Well Below Replacement Cost at Only $176 PSF; Significant Cap Ex Completed
- 37,000 CPD Intersection at South 6th Street and Homedale Road
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Gette-a-groom
- Retailer
- -
- -
- -
GNC began in the 1930s when David Shakarian opened a small health food store in Pittsburgh, and the business grew from that local shop into a broader nutrition retailer. The company focuses on vitamins, dietary supplements, minerals, herbs, sports nutrition, protein, weight management, and pre-workout products, with shopping available through stores and online channels. GNC also describes a broad retail and digital presence in the United States and abroad, supported by international websites and market access in multiple regions. Today, the company presents itself around the theme of living well while emphasizing product quality, personalization, and convenience across its retail and e-commerce business.
Great Clips began in 1982 when David Rubenzer and Steve Lemmon established the business around a no-appointment haircut model that made salon visits simpler and more convenient. The company has since grown into a 100 percent franchised hair salon brand with a broad network across the United States and Canada, serving men, women, and children through independently owned salons. Great Clips also supports franchisees with operating systems and customer tools such as online check-in, while its business focus remains centered on haircuts, basic haircare services, and a franchise-led retail model.
Little Caesars began in 1959 when Mike and Marian Ilitch opened a single pizza restaurant in suburban Detroit. The company grew through franchising and later expanded into international markets, with business materials describing a model centered on quality, convenience, and value. Today, Little Caesars focuses on pizza restaurants, franchise development, and carryout-oriented service, while also supporting community programs such as the Love Kitchen and fundraising initiatives.
Metro by T-Mobile began in 1994 as General Wireless, Inc., later became MetroPCS, and now operates as a T-Mobile US brand focused on prepaid wireless service. The company offers no-contract phone plans, device sales, and related mobile services through a consumer-facing brand built around prepaid pricing and network access. After a reverse merger with T-Mobile USA in 2013, Metro’s services were folded into T-Mobile’s network, and the brand was relaunched under the Metro by T-Mobile name in 2018. Recent company materials show a focus on value-oriented prepaid plans, unlimited 5G data, and device promotions for new customers.
- MetroPCS
- Information
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Gette-a-groom | Retailer | - | - | - | ||
|
Retailer | - | - | - | ||
|
Services | - | - | - | ||
|
Accommodation and Food Services | - | - | - | ||
|
Information | - | - | - | ||
| MetroPCS | Information | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3,515 SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area.
1,750SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area
| Space | Size | Space Use | Position | Available |
| 5520 | 3,515 SF | Retail | In-Line | Now |
| 5520 B-2 | 1,750 SF | Retail | - | Now |
5520
| Size |
| 3,515 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5520 B-2
| Size |
| 1,750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5520
| Size | 3,515 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
3,515 SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area.
5520 B-2
| Size | 1,750 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
1,750SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area
Nearby Major Retailers
Property Taxes
| Parcel Number | R885816 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,229,310 |
Property Taxes
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Shops to Safeway | Klamath Falls, OR | 5518-5534 S 6th St
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