Listing Courtesy of: Steven Parmelee - Windermere Van Vleet & Assoc2
541-779-6520
$2,500,000
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15310 Hwy 238 Grants Pass, OR 97527
General Commercial
Residence
Beds
Baths
37
Sq. Ft.
37.19
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Unique investment opportunity with a great ROI! This rural farm property has a true NNN lease to one of Oregon's largest and successful Cannabis farms. The current monthly lease rate is $18,692.73 per month and the tenant covers all expenses. The lease has a built in Escalation of 4.5% annually and ...the current lease runs into 2029. The initial ROI for 2024 at the list price is 8.97% and increases as follows - 2025 9.38%, 2026 9.8%, 2027 10.24% and 2028 10.7%. The investment is anchored by a 3000 square foot residence on 37 acres of prime irrigated farmland in the heart of Southern Oregon's Premiere Wine Region. This sale does not include the cannabis business or assets on the property, it is a sale of the Real Estate and lease income only. Call listing agent for details.
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MLS#
220187391
Property Type
General Commercial
Year Built
1985
Square Feet
37
sq. ft
Lot Size
37.19
Stories
1.0
Sewer
Holding Tank
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