21990 OR-62, Shady Cove, OR 97539 For Sale

Merit Commercial Real Estate is pleased to exclusively present 21990 Highway 62, a single-tenant net lease medical clinic with excess land located in beautiful Shady Cove, Oregon (the "Property"). The Property is situated on two contiguous ±0.27 acre parcels totaling ±0.54 acres and features a ±1,766 SF medical clinic fronting Highway 62 with 7,000+ VPD.

Prospective buyers should note that the Property is currently leased to AllCare, a leading integrated health organization in Southern Oregon, for $2,300/month on a triple net (NNN) basis with approximately 1.5 years remaining on the existing lease. Their significant financial backing, established long-term facilities around the region and growth demonstrates the popularity of its unique healthcare model.

The ± 1,766 SF wood-frame building, originally built in 1955 has been the sole medical clinic located in Shady Cove for 50 years and has had recent improvements and features a functional medical office layout with many modern features. The building opens to a bright and welcoming reception/waiting area, four exam rooms, an open workspace, private office, a break room/kitchenette, room for storage and much more. Outside, the Property has 20 paved parking spaces located on the western side of the building. Access is very convenient with 2 left/right driveways off of the highway.

The Property benefits from being the sole medical clinic in Shady Cove, high-visibility/monument signage, and abundant exterior space located to the north of the building - allowing for further development (buyers responsible for all due diligence), vehicle parking, or room for storage. Prospective buyers should note the possibility of splitting the lot, leasing excess land, or a variety of other options to maximize the Property's value which are currently not utilized.

The opportunity at 21990 Highway 62 is clear for prospective buyers. The property is a well maintained with an existing tenant and functional medical office layout. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.