1924 Elm Ave
Medford, OR 97501
Spin-ach · Retail Property For Sale

Net leased to Lessee 'Spin-ach', a Coffee & Tea, Juice Bars & Smoothies, Acai Bowls double drive thru healthy drink and food alternative business since 2015. Lease expires 05/31/20 with two(2) five(5) years renewal term. Owner of Spin-ach, previously with Dutch's Bros coffee, stated their goal of opening up more of Spin-ach. The property, with land area more than 4,356sf, is at one quadrant of a four(4) signalized traffic intersection (Hwy 99 and Table Rock Road), estimated over 50,000 cars drive by each day, also due to the relocation of the regional Costco on Table Rock Road Dec 2018. The other quadrant is the fast food 'Jack in the Box', 'Natural Grocer' and an empty lot at the 4th quadrant. There are two windows for drive thru. The location is within the so called 'Big Y" new major retail development anchored with Trader's Joe, Dick Sporting Goods, REI and many other credit users. Highway 99 and Table Rock Road intersects in front of property with great visibility. Small portion of the parking lot is leased $500/m then subleased same to Lessee. Separate triangular lot with pole sign included in sale that can be replaced with large neon sign increasing NOI. Other possible re-purpose of site is a food truck eatery central. Adding an electric car charging station may also increase traffic.