INVESTMENT HIGHLIGHTS
Drive-Thru Permitted With Easy Ingress/Egress
The Property is zoned Regional Commercial which allows for a drive-thru and the Property is equipped with multiple ingress and egress access points.
0.68 ACRE LOT WITH AMPLE PARKING
The Property features a 0.68 acre lot, providing for ample parking and future development potential.
FLExible zoning
The Property is zoned C-R (Regional Commercial) which permits numerous commercial uses including nearly all retail, office, and public administration uses. This allows Owner/Users and Investors from nearly any business sector the opportunity to move their business or tenant into this strategic location.
HIGH-TRAFFIC, EXCELLENT VISIBILITY LOCATION (29,600+ VPD)
The Property is located directly between northbound and southbound Hwy 99, the main north/south arterial through Medford, with excellent visibility and exposure to over 29,600 VPD, and is adjacent to Barnett Road, a main east/west arterial with over 16,700 VPD.
STRONG RETAIL TRADE AREA
The Property benefits from its location at the southern entry point of Medford, directly on Hwy 99 and less than a 5 minute drive from the southerly Medford I-5 entrance/exit. The Property is surrounded by numerous national retailers, including WinCo Foods, Fred Meyer, Walmart Supercenter, Grocery Outlet, Burger King, McDonald’s, Jack in the Box, Dutch Bros, Arby’s, Carl’s Jr, Planet Fitness, Harbor Freight, Staples, Walgreens, and more.
POSITIONED ACROSS FROM HIGH-VOLUME WINCO FOODS GROCERY STORE
The Property is located across the street from a strong performing Winco Foods featuring in excess of 1,600,000 visitors per year, and saw a 9% increase in customer traffic year-over-year (Placer.ai).
ROBUST RENT GROWTH AND LOW VACANCY MARKET
The Medford retail and office markets are healthy and growing. Medford retail rents have increased more than 10% over the past three years and office rents have increased 9%. Medford retail vacancy rates are 2.7% and office vacancy rates are 4.2%.
SOLID GROWING DEMOGRAPHICS
Within a 5-mile radius of the subject property, there are over 116,000 residents. Since 2010, the surrounding area has grown by over 12%.
Listing Agents:
CLAYTON J. BROWN
RUTHANNE LOAR
206.493.2622
ruthanne.loar@marcusmillichap.com
