Property Description

RARE OPPORTUNITY TO OWN A STABILIZED RETAIL CENTER WITH UPSIDE IN ASHLAND, OREGON The Offering provides the investor with the opportunity to acquire the 100% leased Grizzly Peak Shopping Center: an 8.95 acre site with 63,311 sqft of leasable space as well as two (2) ground lease pads; upside in the form of excess land available for development, and the only available drive through permit in the community. The Grizzly Peak Shopping Center enjoys a hard corner location at the prime intersection within a dense and integral retail trade corridor; and has approximately 765 lineal feet of road frontage on the arterial. The arterial (Ashland Street / OR Hwy 66) provides proximity to the downtown core (@ 2 miles), Southern Oregon University (@ 1 mile) and the I-5 Interchange (@ ¼ mile)Inherent conditions within the community of Ashland have long prohibited any change in the Urban Growth Boundary. Physical terrain and historic development patterns have concentrated rooftops nearest