Medford, OR - First Interstate Bank

Description:

New 10-Year Lease Extension | Below Market $53,000 Annual Rent (Approx. 39% of Fair Market Rent) | 273 Locations & $28 Billion Asset Corporate Guaranty (NASDAQ: FIBK) | Strong Branch Level Deposits

• Pad to Bear Creek Plaza, a 189,000 SF center anchored by Bi-Mart, Crunch Fitness (New Lease), Dollar Tree, and Yami Market & Buffet (New Lease), and others. The center generates over 3.1 million annual visitors per Placer.ai
• Other pad tenants in the center rank in the top percentile of their chain nationally, including Wendy’s (top 22% nationwide), McDonalds (top 19% nationwide), and Carl’s Jr. (top 20% nationwide)
• Dense co-tenancy drives significant daily crossover traffic directly to the subject First Interstate Bank

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Listing ID: a28TP0000038zxSYAQ