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Sharis Restaurant 210 Penninger St 4,400 SF of Retail Space Available in Central Point, OR 97502
HIGHLIGHTS
- Available for sale or lease—an excellent opportunity for an owner-user restaurant or potential redevelopment for various uses
- Fire suppression hood in kitchen
- Highly visible location with convenient interstate access
- Turnkey kitchen with all equipment included in the sale
- Established customer base from three nearby hotels
- Prominent pylon signage visible from I-5 with traffic counts over 41,700 AADT (2023)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,400 SF | 3 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- Central Air and Heating
- Freezer Space
- Prominent pylon signage visible from I-5
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,400 SF | Gross Leasable Area | 4,444 SF |
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Restaurant |
| Total Space Available | 4,400 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,444 SF |
| Year Built | 2001 |
ABOUT THE PROPERTY
Seize this incredible opportunity to lease a stand-alone 4,400 SF retail/restaurant building in a high-traffic location along Interstate 5. This turnkey property features a fully equipped kitchen, fire suppression hood, and an established customer base from three nearby hotels. The high-visibility site boasts prominent pylon signage with exposure to over 41,700 vehicles per day and is just four miles north of Medford. Zoned C4, it offers flexibility for restaurants, tourism-focused businesses, or professional offices. With easy access from E Pine St. and Penninger Rd., this property won't last long. Call today to explore leasing this prime commercial space! Note: Also available for sale
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Larue Dr | Penninger Rd, E | 6,520 | 2020 | 0.08 mi |
| Not Available | Not Available, No | 6,931 | 2020 | 0.12 mi |
| Peninger Rd | E Pine St, S | 1,942 | 2022 | 0.14 mi |
| East Pine Street | - | 25,323 | 2022 | 0.22 mi |
| E Pine Street | Biddle Rd, E | 25,178 | 2020 | 0.23 mi |
| Peninger Rd | E Pine St, E | 4,714 | 2022 | 0.26 mi |
| E Pine St | Biddle Rd, E | 26,993 | 2022 | 0.35 mi |
| Freeman Road | - | 7,345 | 2022 | 0.40 mi |
| Biddle Rd | E Pine St, W | 15,513 | 2022 | 0.41 mi |
| Gebhard Road | - | 1,580 | 2022 | 0.41 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
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