841 W Stewart Ave
Medford, OR 97501

The subject property is Cottonwood Square, a 13,092-square-foot retail strip in Medford, Oregon. The strip holds eight tenants and includes one vacancy making it 92% occupied with a number of tenants that have been at the property for 19+ years. Half of the tenants are on month-to-month leases, paying well below market rents, and have no expense reimbursements which creates significant upside for a new owner. Cottonwood Square, on a corner location, is off Stewart Avenue and is visible to more than 15,000 vehicles per day. Stewart Avenue is a main corridor through Medford that connects directly to Pacific Highway 99 (seeing more than 17,000 vehicles per day) and Interstate-5 (seeing more than 52,000 vehicles per day). One mile west of Cottonwood Square is the site for Stewart Meadows Village, a new mixed-use, multifamily development that is near completion. The first building to go up on the 79-acre development was the 64,000-square-foot Providence Stewart Meadows Medical Plaza, which opened in early 2018. The Phase I apartments are slated to be finished in fall of 2019 and will include 300 residential units and a 2,100-square-foot community center. The area is also a dense retail location with many national retailers including Walmart, Fred Meyer, WinCo Foods, Goodwill, Marriots, Harbor Freight, Papa Murphy’s, Starbucks, Walgreens, and more within a two-mile radius of the center.