For Sale
$6,000,000

1600 Pine St Central Point, OR 97502

High-Yield Ground Lease, Pilot Travel Center

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional investment opportunity in Central Point, Oregon, featuring an 8.53-acre commercial land parcel (APN 10887817) at 1600 E Pine St, 97502. This fully developed property is currently leased to Pilot Travel Centers, LLC, under a long-term unsubordinated ground lease with a substantial remaining term of approximately 17.1 years, expiring January 1, 2042. The lease provides a stable annual net-net-net rent of $270,000, commencing January 1, 2022, representing a significant return on investment. The property is zoned C-4, allowing for a variety of commercial uses. This offering presents a compelling opportunity for passive income generation with a strong, established tenant and a considerable remaining lease term. The asking price is $6,000,000. Detailed lease documents are available upon execution of a confidentiality agreement and contract. This is a prime opportunity for investors seeking a secure, high-yield commercial land investment with a blue-chip tenant. The property's location in Central Point, Oregon, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, income-producing asset with significant long-term potential.

Highlights

  • 8.53-acre commercial land parcel in Central Point, OR (APN 10887817) at 1600 E Pine St, 97502.
  • Long-term ground lease with Pilot Travel Centers, LLC, expiring January 1, 2042 (approx. 17.1 years remaining).
  • $270,000 annual net-net-net rent, commencing January 1, 2022.
  • C-4 zoning allows for various commercial uses.
  • Asking price: $6,000,000.

Property Details for 1600 Pine St

Property type
Land
Lot Size (sq. ft)
371,567 SF

Location Insight

City
Central Point
County
Jackson
State
Oregon
Latitude
42.3779793
Longitude
-122.8991123

FAQs

What type of property is this?
Land - High-Yield Ground Lease, Pilot Travel Center
Where is the land located?
The property is located at 1600 Pine St Central Point, OR.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 8.53-acre commercial land parcel in Central Point, OR (APN 10887817) at 1600 E Pine St, 97502.; Long-term ground lease with Pilot Travel Centers, LLC, expiring January 1, 2042 (approx. 17.1 years remaining).; $270,000 annual net-net-net rent, commencing January 1, 2022.
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1600 Pine St
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