Description
Merit Commercial Real Estate is pleased to exclusively present a single tenant net lease medical clinic in beautiful Grants Pass, Oregon. Located at 1325 NE 7th Street and under a longer-term lease by OnePeak Medical, this property offers a rare investment opportunity at an extremely attractive 7.78% return (full year 2024 income, NNN lease). Positioned on a high-traffic corner with over 13,715 VPD, the site has direct and easy access to NE 7th. Effectively fully rebuilt in 2022, the building underwent a to-the-studs remodel and a recent large addition. The interior is built-out with a large waiting area, multiple exam rooms, private offices, two labs, IV room, bathrooms, and more. The build-out, while perfect for the existing clinic, remains flexible for future users, if ever needed. Other highlights include a brand-new parking lot and an oversized, lighted monument sign fronting NE 7th. One of OnePeak's top-producing clinics - contact listing brokers for more information!
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0BEDS
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0.37ACRES
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0BATHS
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01/2 BATHS
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3,998SQFT
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$419$/SQFT
School Ratings & Info
Description
Merit Commercial Real Estate is pleased to exclusively present a single tenant net lease medical clinic in beautiful Grants Pass, Oregon. Located at 1325 NE 7th Street and under a longer-term lease by OnePeak Medical, this property offers a rare investment opportunity at an extremely attractive 7.78% return (full year 2024 income, NNN lease). Positioned on a high-traffic corner with over 13,715 VPD, the site has direct and easy access to NE 7th. Effectively fully rebuilt in 2022, the building underwent a to-the-studs remodel and a recent large addition. The interior is built-out with a large waiting area, multiple exam rooms, private offices, two labs, IV room, bathrooms, and more. The build-out, while perfect for the existing clinic, remains flexible for future users, if ever needed. Other highlights include a brand-new parking lot and an oversized, lighted monument sign fronting NE 7th. One of OnePeak's top-producing clinics - contact listing brokers for more information!
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