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1325 NE 7th St

3,998 SF Office Building Grants Pass, OR 97526 £1,332,114 (£333/SF) 7.47% Net Initial Yield

EXECUTIVE SUMMARY

Merit Commercial Real Estate is pleased to exclusively present for sale a fully-leased STNL medical clinic in beautiful Grants Pass, Oregon. 1325 NE 7th Street, occupied under a long-term lease by OnePeak Medical, presents a rare public offering of a thoroughly built-out, cash-flowing medical net lease investment property at an attractive return.
Sited on a high-traffic, visible corner in NE Grants Pass, the property enjoys direct access onto the one-way NE 7th Street with 13,715+ VPD, as well as access to the feeder street of NE Steiger Street. The immaculate, brand-new parking lot and to-the-studs remodeled building is highlighted by a large two-sided lighted monument sign facing NE 7th.
This Grants Pass location is one of the top-producing facilities within OnePeak's system, and has consistently remained busy. The layout of the property allows for high customer traffic with plenty of parking, while also remaining flexible for future modifications or uses. Inside, there is a large patient waiting area, numerous exam rooms, multiple private and open offices, break room, two labs, IV room, restrooms, and storage. Essentially every surface, both interior and exterior has been remodeled and re-imagined from the ground up in 2022.

OnePeak Medical, a healthcare provider based in Oregon, was founded in 2015, and has experienced significant growth since its inception, showing over 35 providers and 15 clinic locations currently. OnePeak aims to redefine primary care by integrating traditional approaches with complementary and functional medicine, offering services such as prevention-focused primary care, hormone testing and balancing, nutrient therapy, and on-site lab testing. OnePeak emphasizes a holistic approach in developing personalized treatment plans; their continued growth and significant financial backing demonstrates the growing popularity of its unique healthcare model.

ATTACHMENTS

1325 brochure

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,998 SF
Building Class
B
Year Built
1948
Price
£1,332,114
Price Per SF
£333
Net Initial Yield
7.47%
NOI
£99,443
Tenancy
Single
Number of Floors
1
Typical Floor Size
3,998 SF
Building FAR
0.40
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
GC - general commercial

AMENITIES

  • Bio-Tech/ Lab Space
  • Bus Route
  • Signage
  • Kitchen
  • Accent Lighting
  • Reception
  • Central Heating
  • Natural Light
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Onepeak Medical
  • Health Care and Social Assistance
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Onepeak Medical Health Care and Social Assistance - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R307791
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£692,698
  • Listing ID: 29410399

  • Date on Market: 31/08/2023

  • Last Updated:

  • Address: 1325 NE 7th St, Grants Pass, OR 97526

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