Valley View Plaza

The property is anchored by Ray’s Food Place who has been in operation at the property since 1984. Ray’s recently reaffirmed their commitment to Valley View Plaza by signing a 10-year lease extension, and they added two additional 5-year fair market value lease extension options. Valley View Plaza is only one of two grocery options within a 5-mile radius, and it has been in operation the longest. The property is offered at an attractive $81 per square foot and offers an 8.22% in-place yield. Investors may increase the cash flows of the asset through marking pending lease expirations to market and leasing the existing vacancies. The current owner has maintained the asset in excellent condition with significant capital improvements in recent years, resulting in a high yielding, protected cash flow investment property.Valley View Plaza is the dominant grocery anchored center supporting the Myrtle Creek and Tri-City areas; Ray’s Food Place has been in continuous operation at the property for over four decades (est. 1984). Valley View Plaza is the only grocery anchored investment opportunity available above an in-place 8.00% yield in the Pacific Northwest. The property is offered for sale at $81 per square foot of building and $19 per square foot of land. Broker Note: No co-op fee. Principal to pay your commission.