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821-909 S Main St
Myrtle Creek, OR 97457
Retail Property For Sale
Executive Summary
Valley View Plaza is the dominant grocery anchored center supporting the Myrtle Creek and Tri-City areas; Ray’s Food Place has been in continuous operation at the property for over four decades (est. 1984). Valley View Plaza is the only grocery anchored investment opportunity available above an in-place 8.00% yield in the Pacific Northwest. The property is offered for sale at $81 per square foot of building and $19 per square foot of land. Broker Note: No co-op fee. Principal to pay your commission.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
67,036 SF
Building Class
C
Year Built/Renovated
1984/2018
Price
$5,400,000
Price Per SF
$80.55
Cap Rate
8.22%
NOI
$443,892
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.24
Lot Size
6.37 AC
Zoning
General Commercial, C-3
Parking
251 Spaces (3.74 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Atrium
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Kiosk/Cart Space
- Accent Lighting
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | R62076 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,877,009 |
Property Taxes
Parcel Number
R62076
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,877,009
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