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.Garrisons Homes has a fresh lease on the Property which they first occupied over 22 years ago. This was Garrisons first location, and they have grown into a strong regional brand with multiple locations and a strong reputation for integrity and quality. Garrisons 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.

Property Features