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541.292.4444
Rockwell Real Estate LLC
6435 Crater Lake Highway, Central Point, OR 97502
- $2,250,000
- List Price
- $2,250,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 220230928
- Subtype
- Commercial Sale
- Lot Size
- 47,480
- Acres
- 1.09
Property Description
Net Leased Investment Property - 8% Cap - New 5 year Lease - 3% Annual Increases - Single Tenant - Tenant has occupied the property for over 20 years - Real Property Appraised for $3,065,000 in March 5, 2025. Garrison's Home's has a fresh lease on the Property which they first occupied over 22 years ago. This was Garrison's first location, and they have grown into a strong regional brand with multiple locations and a strong reputation for integrity and quality. Garrison's is currently completing a tenant improvement project and their Rent and new 5 year term starts February 1, 2027. The Property is 1.09 acres of Crater Lake Hwy. frontage and includes a climate controlled + 21k square foot steel-frame retail show room on a concrete slab with office space, 37 designated parking spaces, and excellent ingress/ egress. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein.
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Additional Information
- Taxes
- $10,305
- Zoning
- L-I
- Flooring
- Carpet, Other
- Heating
- Ductless, Other
- Air Conditioning
- Other, Ductless
- Stories
- One
- Levels
- One
- Roof
- Metal
- Foundation
- Slab
- Parking Features
- Asphalt
Courtesy of Merit Commercial RE, LLC
The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: