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The Shoppes at Grants Pass 820 NE E St 31,550 SF 94% Leased Retail Building Grants Pass, OR 97526 $6,720,000 ($213.00/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Priced well below replacement cost ($213/SF), with additional upside upon lease-up of the sole vacancy. Cash on cash return is well above 8%.
- Significant leasing momentum, with five new leases and one extension in 2025.
- Built-in rent growth, with nine of eleven tenants having annual rent increases.
- Pads to the larger Grants Pass Shopping Center, which welcomes over three million annual visits (Placer.ai).
- Occupied by a diverse mix of service-oriented retail and medical tenants.
- Additional upside potential upon lease-up of the sole vacancy.
EXECUTIVE SUMMARY
Situated as pads to the highly popular Grants Pass Shopping Center, the Shoppes at Grants Pass consists of two multi-tenant retail pad buildings and a single-tenant Aaron’s pad. The Property has strong leasing momentum since being acquired by new ownership in the last twelve months. Five new leases, and one extension, have been signed in 2025, contributing to a diverse mix of service-oriented retail and medical tenants. Nine of the eleven current tenants have annual rent increases, providing consistent income growth. Priced well below replacement cost at $213/SF, the Property offers a strong cash on cash return of over 8%. Additional upside remains through lease-up of the sole vacancy.
Situated directly off Grants Pass Parkway—the area’s primary commercial corridor with over 23,000 vehicles per day—the Offering benefits from exceptional visibility and access. It is adjacent to four national grocers that collectively draw over six million visits annually (Placer.ai). Grants Pass Shopping Center has secured over 85,000 square feet of national tenancy since 2021 and sees more than three million annual visits (Placer.ai). A new TPO roof was installed in 2021 with a transferrable warranty.
Situated directly off Grants Pass Parkway—the area’s primary commercial corridor with over 23,000 vehicles per day—the Offering benefits from exceptional visibility and access. It is adjacent to four national grocers that collectively draw over six million visits annually (Placer.ai). Grants Pass Shopping Center has secured over 85,000 square feet of national tenancy since 2021 and sees more than three million annual visits (Placer.ai). A new TPO roof was installed in 2021 with a transferrable warranty.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
31,550 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$6,720,000
Price Per SF
$213.00
Cap Rate
8%
NOI
$537,600
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.91 AC
Opportunity Zone
Yes
Zoning
GC
Parking
160 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,706,150 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,706,150
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The Shoppes at Grants Pass | 820 NE E St
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