7405EGON 62 White City OR 97503-1662

• Asking Price: $1,950,000
• Cap Rate: 6.42%
• NOI: $125,125/yr
• GLA: 7,686 SF
• Occupancy: 100%
• Structure: True NNN
• Net Cost to Owner: $0
• WALE: 4.39 Yrs
• Avg. Rent Growth: 2.32%
• All Leases Through 2030

A Superior 1031 Exchange Replacement Property

For investors under 1031 exchange deadlines, replacement property selection is everything.​ This offering delivers what exchange buyers require most: in-place income, passive structure, long-term lease certainty, and zero operational complexity — all in a single, fully stabilized acquisition priced at $1,950,000.​

Income is in place the day escrow closes.​ With $125,125 in annual NOI already flowing from three fully executed leases, there is no lease-up period, no vacancy risk, and no reliance on future performance assumptions.​ This is day-one income replacement — exactly what the 1031 exchange structure demands.​

True Triple-Net Structure — Net Cost to Owner: $0

This is not a gross lease or modified net.​ All three tenants pay 100% of real estate taxes ($22,203/yr), casualty insurance ($7,645/yr), and common area maintenance — billed monthly and true-up annually by GLA percentage.​ The owner receives income unencumbered by operating expenses.​ What the proforma shows is what the investor keeps.​ For exchange buyers replacing active management assets, this is the definition of passive replacement: no calls, no repairs, no bills.​

Lease Certainty Through 2030 — 4.39-Year WALE

A portfolio WALE of 4.39 years means all three leases run well beyond the typical 1031 identification and closing window — with zero near-term rollover risk.​ Each tenant has demonstrated site commitment through capital investment, voluntary lease extensions, or renewal options extending as far as 2050:

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  Barney's Burgers / Sweet Tea Express (4,256 SF · 55% GLA · $71,496/yr) — New 5-year NNN lease executed July 2025 following a dramatic 2025 buildout.​ Four 5-year renewal options through ~2050.​ Next rent increase March 2028 (+5%).​

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  Papa Murphy's Pizza (1,715 SF · 22% GLA · $28,367/yr) — National franchise with 1,300+ locations.​ Operating here since 2022.​ 2.5% annual rent bumps.​ Two 5-year renewal options.​

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  White Pine Dental (1,715 SF · 22% GLA · $28,823/yr) — Voluntarily extended lease in October 2024 through September 2030.​ 3% annual rent bumps.​ Two 5-year renewal options.​

Built-In Rent Growth — 2.32% Weighted Annual Escalation

Contractual rent escalations are embedded across all three leases — inflation-aligned income growth with no renegotiation risk and no market-rent exposure.​

Diversified, E-Commerce-Resistant Tenants

Food & beverage, national franchise, and professional dental services — three non-correlated essential-use categories structurally insulated from e-commerce displacement.​ No single-tenant concentration risk.​

Strategic Highway 62 Location

Signalized intersection of Hwy 62 & Hwy 140 — White City's premier commercial node.​ Monument signage, dual access, abundant parking.​ Trade area anchored by the White City Industrial Park (80+ employers), Rogue Valley Medical Center, Southern Oregon University, and the Medford MSA (225,000 residents).​

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  Asking Price: $1,950,000

• ​

  Cap Rate: 6.42%

• ​

  NOI: $125,125/yr

• ​

  GLA: 7,686 SF

• ​

  Occupancy: 100%

• ​

  Structure: True NNN

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  Net Cost to Owner: $0

• ​

  WALE: 4.39 Yrs

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  Avg. Rent Growth: 2.32%

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  All Leases Through 2030