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Chase Bank 601 Crater Lake Ave 19,548 SF Retail Building Medford, OR 97504 $4,100,000 ($209.74/SF) 5.09% Cap Rate
Investment Highlights
- Credit Rated J.P. Morgan Chase Bank, N.A.
- Leased through April 2030 w/ Two Additional Renewals w/ 1 Year Notice
- 5.09% Cap Rate
- Very Long Term Tenancy
- Purpose Built for Chase
- Owner User or Lease Up Potential
Executive Summary
Institutional-quality investment anchored by JP Morgan Chase Bank, N.A. on an absolute NNN lease, delivering durable, credit-backed income with minimal management. Recently renovated and positioned on a large site, this asset offers immediate stability with built-in upside through future activation of the lower level or owner-use. A true core-plus opportunity for investors seeking strong tenancy today and value creation tomorrow. Information is deemed reliable but not guaranteed; buyers and their advisors must independently verify all facts, financials, and suitability of the property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,548 SF
Building Class
A
Year Built/Renovated
1994/2020
Price
$4,100,000
Price Per SF
$209.74
Cap Rate
5.09%
NOI
$208,568
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Lot Size
1.98 AC
Zoning
C-C - Commercial facilities servicing the shopping needs of the community and is typically comprised of community shopping centers.
Parking
41 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
600’ on Crater Lake Avenue
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10329951 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,179,790 |
Property Taxes
Parcel Number
10329951
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,179,790
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Chase Bank | 601 Crater Lake Ave
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