Description
Stand-alone, single tenant leased restaurant building in a prime Grants Pass location. Large ~0.61 acre commercial lot located at the North Grants Pass I-5 interchange. Near In-N-Out, McDonalds, and Hampton Inn & Suites. The property is regularly shaped with excellent future redevelopment potential. The tenant is leasing the property through March 2028. Current rent is $2,329.90/month, Triple Net. Tenant has three successive 5-year options to renew the lease, and there are regular CPI rent increases during the current term and renewal terms. *Note - Tenant has a first right of refusal for the property.
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0BEDS
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0.61ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Stand-alone, single tenant leased restaurant building in a prime Grants Pass location. Large ~0.61 acre commercial lot located at the North Grants Pass I-5 interchange. Near In-N-Out, McDonalds, and Hampton Inn & Suites. The property is regularly shaped with excellent future redevelopment potential. The tenant is leasing the property through March 2028. Current rent is $2,329.90/month, Triple Net. Tenant has three successive 5-year options to renew the lease, and there are regular CPI rent increases during the current term and renewal terms. *Note - Tenant has a first right of refusal for the property.
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