616 Crater Lake Ave Medford, OR 97504

Shamrock Square, a 13,750 square foot shopping center in Medford, Oregon, presents a compelling value-add opportunity. Located at 616 Crater Lake Ave, this 100% occupied property features 12 tenants in three separate buildings on a 1.19-acre lot. Built in 1960, the center boasts 81 parking spaces and excellent visibility at a major intersection, across from Chase Bank and near Safeway and Rite Aid. The property offers significant upside potential. Currently operating under gross leases, the property's current NOI is $131,245, with a pro-forma NOI projected at $282,810, representing a pro-forma cap rate of 12.30%. The asking price is $2,300,000 ($167/SF), with a current cap rate of 5.71%. All leases expire December 31, 2025, providing flexibility for future lease renegotiations and potential rent increases to market rates of $18.00 to $30.00 per square foot triple net. The property's three separate tax parcels allow for diverse exit strategies, including the potential for segmented sales. The absence of competing owner-user alternatives and new development opportunities further enhances the investment appeal. The land value is $44 per square foot. The property's location near a major hospital and residential areas ensures strong traffic and customer base. This is a rare opportunity to acquire a well-located, value-add retail center with substantial upside potential in a growing market.