El Torito Supermarket 2207 Washburn Way Local commercial 2 276 m² À vendre Klamath Falls, OR 97603 3 837 274 € (1 685,88 €/m²) Taux de capitalisation 6,75 %

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale El Torito Supermarket in Klamath Falls, OR. El Torito Supermarket benefits from being the largest Mexican supermarket chain in Oregon. The lease has 7+ years remaining on the original 10-year NNN lease with 4, 5-year options, and features 3% annual rent increases. The Property has market monopoly in rapidly growing Klamath Falls, OR, and benefits from a Hispanic population exceeding 8,000 residents in a 5-mile radius. The Hispanic population accounts for 15% of the population and is the fastest growing demographic in Klamath Falls. El Torito Supermarket is actively expanding throughout Oregon and recently announced the opening of an 8th location in Madras, OR. The Property was built-to-suit a supermarket and since 2020, has benefited from more than $1.7M of capital improvements and renovations including: brand-new HVAC, refrigeration units, electrical wiring and plumping; maintenance to the parking lot, roof, and landscaping; and new exterior and interior paint. The Tenant has been regularly maintaining the parking lot, roof, and landscaping. Klamath Falls is a high barrier-to-entry sub-market featuring a 0.7% vacancy rate, 2.9% rent growth year over year with no new supply delivered over the past 3 years creating high retail real estate demand. The Property is personally guaranteed by the El Torito Supermarket founders and successful entrepreneurs, Alfredo Mendez Chavez Jr. and Liliana Perez Miranda who operate all seven locations across Oregon.