Barnes & Noble Booksellers | NN Lease Investment

1400 Biddle Road, Medford, OR

$4,000,000

Price

8%

Cap Rate

$320,456

NOI

Overview
Cap Rate
8%
NOI
$320,456
Building Size
24,920 sqft
Lot Area
2.05 acres
Occupancy
100%
Lease Type
Double Net
Year Built
1996
Price Per Sqft
$166.66
Roof & Structure
Landlord Responsibility
Description

The subject property is a single tenant Barnes & Noble Booksellers located in Medford, Oregon. The Property consists of a freestanding ± 24,920 sf retail building on approx. ± 2.05 acres of land at 1400 Biddle Road, parallel to Interstate 5. Barnes & Noble has continuously operated here since 1996 - 22 years. The Property is ideally located across Interstate 5 from the Rogue Valley Mall, the largest indoor shopping center between Eugene, Oregon and Sacramento. The Mall is anchored by Kohl’s, JC Penney, Macy’s and Bed Bath & Beyond. Other nearby traffic generators include Target, Ashley Homestore, Hobby Lobby, Walmart, Lowe’s, Fred Meyer Grocery, Sherm’s Food 4 Less, Bi-Mart Grocery, Best Buy, TJ Maxx, Natural Grocers, Trader Joe’s, REI Outdoors, Dick’s Sporting Goods, Field & Stream, Marshall’s, Sportsman’s Warehouse, Big Lots, Dollar Tree, Petco, Ulta Beauty, FedEx, Lithia Motors, Applebee’s, Carl’s Jr., Dairy Queen, Denny’s, McDonald’s, Red Lobster, Sizzler and more. There are 78,000 residents living within a 3 mile raduis of Barnes & Noble. The population is projected to grow by 4% during the next 5 years.

Listed in conjunction with:
Oregon broker
Erik C. Peterson
License 201208733

Highlights
  • Lease Just Extended
  • Rare Northwest Net Leased Investment
  • 24 Year Historical Occupancy
  • 2+ Acres on I-5 Frontage Road
  • Current Rent Is Only $12.25 / SF
  • Starbucks Sub-leases directly from B&N
Documents
Title
Barnes___Noble_Medford_OR-2.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery