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28839572
29108951

1723 E McAndrews Rd, Medford, OR 97504

CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
RD
CA 02082187
SRS National Net Lease Group
Listed by SRS National Net Lease Group
$5,725,000
207 days on market
Updated 53 days ago

7-Eleven - Medford, OR

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,950
Pumps 12
Cap Rate 4.89%
NOI $279,856
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+4)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options 4 (5-year)
Price per SqFt $1,941
Broker Co-Op Yes
Year Built 2020
Buildings 1
Stories 1
Acreage 0.800
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/01/2020
Ground Lease No
Ownership Fee Simple

Top 9% Nationwide (Placer.ai) | Potential Bonus Depreciation | Inv Grade Tenant (S&P: A) | 10% Bumps

Investment highlights

Top Placer Ranking

  • Location is ranked in the top 12% in the state of Oregon and top 9% of all ranked 7-Eleven locations nationwide in terms of customer visits (Placer.ai)

Long-Term Absolute NNN Lease | Fee Simple Ownership

  • Approximately 10 years remaining with no landlord maintenance or expense responsibilities

  • Ideal management-free investment for a passive investor

Rental Increases

  • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, increasing the NOI and providing a hedge against inflation

Investment Grade Tenant | Corporate Lease

  • The lease is signed by 7-Eleven, Inc., an investment grade (S&P: A) retailer and a globally recognized and established convenience store/gas operator (13,000+ sites in the US and Canada)

Densely Populated and Affluent Trade Area

  • More than 85,000 residents and 51,000 employees within 3 miles with an average household income over $91,000, projected to increase to ~$100,500 by 2030

High Traffic / Excellent Access & Visibility

  • Located at the signalized intersection of Crater Lake Avenue and East McAndrews Road with a combined 38,764 VPD

  • ½ mile east of the on-ramp to Interstate 5 (53,200 VPD) providing ease of access to customers and employees

Strategic Location

  • Medford serves as the financial, medical, tourist and business hub of Southern Oregon and Northern California, and is strategically located halfway between Portland and San Francisco

  • Directly across Crater Lake Avenue from Providence Medford Medical Center, a full-service, 168-bed acute care community hospital serving southern Oregon and northern California for over 100 years

  • 1 mile east of Rogue Valley Mall, the premier regional shopping destination for the Rogue Valley and Medford MSA, comprising ~847,000 square feet of retail space, anchored by Macy’s, JCPenney, Kohl’s and American Freight, providing a steady flow of retail customers

  • 1 mile north of The Village at Medford Center, a 420,000 square foot shopping center, anchored by Safeway, Burlington, Ross Dress for Less and Cinemark Theaters

  • 1 mile southwest of North Medford High School with approximately 1,661 students

  • 2.5 miles south of Rogue Valley International-Medford Airport, a commercial airport offering ~56 arriving and departing flights daily to and from San Francisco, Portland, Seattle, Los Angeles, Denver, Las Vegas, Phoenix, Salt Lake City and San Diego

Bonus Depreciation

  • Potential for significant tax savings via Accelerated Depreciation and Cost Segregation – check with your tax advisor to confirm eligibility

Listing Contacts

CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
RD
CA 02082187
SRS National Net Lease Group
Listed by SRS National Net Lease Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$279,856.00
$23,321.33/mo

Valuation Metrics

0
DSCR
4.89%
Cap Rate
4.89%
ROI

Map

Zoning

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C-C CommercialRetail CommercialCommunity Commercial
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Matthew Martinez
License
OR License No. 990600066
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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