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Shops to Safeway | Klamath Falls, OR 5518-5538 S 6th St 10,459 SF 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
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GNC began in 1935 when David Shakarian opened a small health food store in Pittsburgh, laying the foundation for a business focused on nutrition and wellness. Over time, the company expanded from a local shop into a retail brand with both stores and online sales. GNC offers vitamins, dietary supplements, minerals, herbs, sports nutrition, protein, weight management, and energy products, serving customers seeking general wellness and fitness support. The company remains centered on nutrition products and related services while maintaining a broad retail presence in the health and wellness market.
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. and launched service in 2002 before adopting the MetroPCS name and later rebranding as Metro by T-Mobile in 2018. The company focuses on prepaid mobile service with no-contract plans, unlimited talk, text, and data options, and a lineup of phones, tablets, hotspots, and other connected devices. Metro supports account management through online and app-based tools and offers home internet among its plan categories, placing the brand across several consumer wireless verticals. Metro operates as a T-Mobile brand and serves customers nationwide through its wireless distribution and digital channels.
- MetroPCS
- Information
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Gette-a-groom | Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Services | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Information | - | - | - | ||
| MetroPCS | Information | - | - | - |
Nearby Major Retailers
