1252 W McAndrews Rd
Medford, OR 97501
1252 West Mc Andrews Road · Retail Property For Sale

Offered at $649,000, or approximately $94.68 per square foot, LeCornu Retail provides investors with an accessible acquisition basis and a 7.91% stabilized capitalization rate based on projected stabilized NOI of $51,387. The property’s relatively low price per square foot, combined with in-place income from four tenant spaces, creates an attractive balance of current yield and long-term value potential.
Beyond the in-place income, the property offers a compelling value-add component through future rent growth, lease restructuring and strategic capital improvements. With four individual tenant spaces, an investor has the flexibility to improve property performance incrementally as leases mature, while targeted exterior, site and building improvements could enhance tenant appeal, marketability and overall asset quality. This combination provides an opportunity to acquire the property for immediate cash flow while implementing a longer-term strategy focused on increasing NOI and asset value.
LeCornu Retail occupies a prominent corner location along W. McAndrews Road near Ross Lane, surrounded by an evolving mix of residential, recreational and commercial development. The immediate area continues to grow with expanding single-family residential neighborhoods, the Rogue X community and recreation complex nearby, and future commercial retail shopping center development planned directly across the street, strengthening the property's long-term positioning within the West Medford trade area. The surrounding five-mile radius includes an estimated 121,674 residents with average household income of approximately $103,049, providing a substantial and growing customer base for neighborhood-oriented commercial uses.