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Investment Highlights

  • Value-Add Shops to High-Performing Safeway (Top 15% Nationwide per Placer.ai with 1 Million Annual Visits)
  • Proforma cap rate of 9.09%
  • Excellent Frontage on South 6th Street Providing Excellent Visibility on One of the Busiest Thoroughfares in the Trade Area
  • 66% occupied shops providing huge value-add through lease up of vacant suite
  • Well Below Replacement Cost at Only $176 PSF; Significant Cap Ex Completed
  • 37,000 CPD Intersection at South 6th Street and Homedale Road

Executive Summary

Significant Value-Add | 72% National Tenants | Top 15% Safeway Nationwide per Placer.ai

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,459 SF
Building Class
B
Year Built
2001
Price
$2,529,687 CAD
Price Per SF
$241.87 CAD
Cap Rate
9.09%
NOI
$229,949 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.96 AC
Frontage
350’ on S. 6th

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Gette-a-groom
  • Retailer
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

GNC began in the 1930s when David Shakarian opened a small health food store in Pittsburgh, and the business grew from that local shop into a broader nutrition retailer. The company focuses on vitamins, dietary supplements, minerals, herbs, sports nutrition, protein, weight management, and pre-workout products, with shopping available through stores and online channels. GNC also describes a broad retail and digital presence in the United States and abroad, supported by international websites and market access in multiple regions. Today, the company presents itself around the theme of living well while emphasizing product quality, personalization, and convenience across its retail and e-commerce business.

  • Services
  • -
  • -
  • -

Great Clips began in 1982 when David Rubenzer and Steve Lemmon established the business around a no-appointment haircut model that made salon visits simpler and more convenient. The company has since grown into a 100 percent franchised hair salon brand with a broad network across the United States and Canada, serving men, women, and children through independently owned salons. Great Clips also supports franchisees with operating systems and customer tools such as online check-in, while its business focus remains centered on haircuts, basic haircare services, and a franchise-led retail model.

  • Accommodation and Food Services
  • -
  • -
  • -

Little Caesars began in 1959 when Mike and Marian Ilitch opened a single pizza restaurant in suburban Detroit. The company grew through franchising and later expanded into international markets, with business materials describing a model centered on quality, convenience, and value. Today, Little Caesars focuses on pizza restaurants, franchise development, and carryout-oriented service, while also supporting community programs such as the Love Kitchen and fundraising initiatives.

  • Information
  • -
  • -
  • -

Metro by T-Mobile began in 1994 as General Wireless, Inc., later became MetroPCS, and now operates as a T-Mobile US brand focused on prepaid wireless service. The company offers no-contract phone plans, device sales, and related mobile services through a consumer-facing brand built around prepaid pricing and network access. After a reverse merger with T-Mobile USA in 2013, Metro’s services were folded into T-Mobile’s network, and the brand was relaunched under the Metro by T-Mobile name in 2018. Recent company materials show a focus on value-oriented prepaid plans, unlimited 5G data, and device promotions for new customers.

  • MetroPCS
  • Information
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Gette-a-groom Retailer - - -
Retailer - - -
Services - - -
Accommodation and Food Services - - -
Information - - -
MetroPCS Information - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 5520
  • 3,515 SF
  • Retail
  • In-Line
  • Now

3,515 SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area.

  • 5520 B-2
  • 1,750 SF
  • Retail
  • -
  • Now

1,750SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area

Space Size Space Use Position Available
5520 3,515 SF Retail In-Line Now
5520 B-2 1,750 SF Retail - Now

5520

Size
3,515 SF
Space Use
Retail
Position
In-Line
Available
Now

5520 B-2

Size
1,750 SF
Space Use
Retail
Position
-
Available
Now

5520

Size 3,515 SF
Space Use Retail
Position In-Line
Available Now

3,515 SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area.

5520 B-2

Size 1,750 SF
Space Use Retail
Position -
Available Now

1,750SF retail space, anchored by a high-performing Safeway store. Top 4% Safeway nationwide with over 1.2 million visits per Palcer.ai. Excellent synergy with current tenant lineup including Metro by T-Mobile, GNC, Great Clips, Little Cesars, and more. Strong visibility and parking with 42 dedicated parking spaces. New capital improvement including newly rolled roof, paint, and landscaping. Excellent frontage on 6th Street - one of the busiest thoroughfares in the trade area

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
Dutch Bros
Albertsons
Safeway
Columbia Bank
Black Bear Diner
Sunbelt Rentals-general Equipment & Tools
WaFd Bank
Sizzler
the Human Bean

Property Taxes

Property Taxes

Parcel Number
R885816
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,688,740 CAD
  • Listing ID: 40572101

  • Date on Market: 2026-05-18

  • Last Updated:

  • Address: 5518-5534 S 6th St, Klamath Falls, OR 97603

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