15310 Hwy 238 Grants Pass, OR 97527
Unique investment opportunity with a great ROI! This rural farm property has a true NNN lease to one of Oregon's largest and successful Cannabis farms. The current monthly lease rate is $18, 692.73 per month and the tenant covers all expenses. The lease has a built in Escalation of 4.5% annually and the current lease runs into 2029. The initial ROI for 2024 at the list price is 8.97% and increases as follows - 2025 9.38%, 2026 9.8%, 2027 10.24% and 2028 10.7%. The investment is anchored by a 3000 square foot residence on 37 acres of prime irrigated farmland in the heart of Southern Oregon's Premiere Wine Region. This sale does not include the cannabis business or assets on the property, it is a sale of the Real Estate and lease income only. Call listing agent for details.
- Property TypeCommercial
- NeighborhoodN/A
- CountyJackson
- Taxes$7,569
- HOA/Condo/Coop Fees$0
- Days on Site46 Days
- MLS StatusActive
- MLS ID Number220187391
- Home Size Source Assessor
- Year Built1985
- Lot Size37.19 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 15310 Hwy 238 Grants Pass, OR 97527
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General Features
- Parking AttachedDriveway
- Sewer Septic Tank
- Number of Stories 1
- Acreage 37.19
- Water Well
- Zoning EFU
- Security Security System Owned
- Cross Street Williams Hwy
- Attached Garage Yes
- Foundation Slab
- Listing Conditions Standard
Interior Features
- Cooling Heat Pump
- Heating Heat Pump
- Flooring Concrete
Exterior Features
- Roof Composition
- Lot FencedGardenLevelPasture
- Other Structures GreenhouseStorage
Community Features
- Security Features Security System Owned