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Shopping Regional

Bear Creek Plaza | Value-Add Shopping Center | 9.64% Stabilized Cap Rate

1132 Biddle Rd, Medford, OR 97504

Listing Price: $22,850,000

Cap Rate
6.70%
Gross SF
189,670
Rentable SF
189,670
Price/Gross SF
$120.47
Lot Size
16.93 acres
Year Built
1977

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Bear Creek Plaza, a unique opportunity to purchase a dominate, 188,759 SF shopping center located adjacent to I-5 (105,000+ VPD) in Medford, OR. Bear Creek Plaza is currently 76% occupied with immediate upside by leasing three vacant suites. The Property has performed well historically, with roughly 65% of the GLA having occupied the Property for at least 10 years with the three anchor tenants, Bi-Mart, Big Lots and Dollar Tree having occupied the center since 1977, 2000, and 2000, respectively. The Property features a strong credit tenant presence with 65% of the income stream coming from national or regional tenants. The Property also contains six, free-standing buildings providing an investor with future break-up value. The Property features a total of 16.93 acres and is priced well below replacement cost.

Investment Highlights

  • Dominant I-5 Corridor Shopping Center
  • Immediate Upside by Leasing Vacant Suites
  • Strong Historical Occupancy
  • Irreplaceable Location with Excellent Visibility
  • Long-Term Rental and Leasing Upside
  • Strong Credit Tenant Presence
  • Brand New 5-Year Big Lots Extension and Bi-Mart Term
  • Six Free-Standing Buildings/Break-Up Value. The Center Layout Provides Potential Future Break-Up Value

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Shopping Regional

Bear Creek Plaza | Value-Add Shopping Center | 9.64% Stabilized Cap Rate

Listing Price: $22,850,000

Cap Rate
6.70%
Gross SF
189,670
Rentable SF
189,670
Price/Gross SF
$120.47
Lot Size
16.93 acres
Year Built
1977

Investment Highlights

  • Dominant I-5 Corridor Shopping Center
  • Immediate Upside by Leasing Vacant Suites
  • Strong Historical Occupancy
  • Irreplaceable Location with Excellent Visibility
  • Long-Term Rental and Leasing Upside
  • Strong Credit Tenant Presence
  • Brand New 5-Year Big Lots Extension and Bi-Mart Term
  • Six Free-Standing Buildings/Break-Up Value. The Center Layout Provides Potential Future Break-Up Value

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Bear Creek Plaza, a unique opportunity to purchase a dominate, 188,759 SF shopping center located adjacent to I-5 (105,000+ VPD) in Medford, OR. Bear Creek Plaza is currently 76% occupied with immediate upside by leasing three vacant suites. The Property has performed well historically, with roughly 65% of the GLA having occupied the Property for at least 10 years with the three anchor tenants, Bi-Mart, Big Lots and Dollar Tree having occupied the center since 1977, 2000, and 2000, respectively. The Property features a strong credit tenant presence with 65% of the income stream coming from national or regional tenants. The Property also contains six, free-standing buildings providing an investor with future break-up value. The Property features a total of 16.93 acres and is priced well below replacement cost.

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

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