Crux Sale-Leaseback Opportunity 50 SW Division St

50 SW Division St , Bend, Oregon, 97702 | 8,816 sq.f | $ 5,500,000

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About This Restaurant

Investment Highlights

Investment opportunity with sale-leaseback Excellent on-site parking plus additional parking on ODOT land Brewing and kitchen equipment available for purchase Large indoor and outdoor seating areas Sale includes future retail site of 0.35 acre Stunning views of the Cascade Mountains

Executive Summary

Presenting a unique sale-leaseback opportunity with Crux Fermentation Project in the heart of Bend, Oregon. The offering includes an 8,816 SF facility on 1.57 acres. The Crux operation requires a total of 1.22 acres of land to support outdoor seating and food cart operations, leaving a future retail pad site of 0.35 acre on the south end of the lot, which represents excess land. This option allows for a stable investment while maintaining Crux Fermentation Project?s ongoing operations.SALE-LEASEBACK OPPORTUNITYThe restaurant, tasting room, and brewing facility at 50 SW Division Street on Bend?s west side is available for sale, with a unique sale-leaseback opportunity with Crux Fermentation Project. This setup allows for a seamless transition and continued operation of Crux Fermentation Project while providing a secure investment for the new owner.HISTORYOriginally built in 1988 as a Lumbermen?s supply store and later used as an AAMCO transmission shop, the property was fully remodeled into a restaurant and brewery in 2012, with a 2,936-square-foot expansion in 2018. The facility?s central location, nestled between the historic Box Factory, Old Mill District, and downtown Bend, makes it a prime spot for business.FACILITY OVERVIEWThe renowned tasting room, designed as a craft beer playground, attracts a diverse audience of families, outdoor enthusiasts, and beer lovers. The facility boasts 24+ taps, a spacious lawn with food carts, and picturesque views of the Cascade Mountains.The building includes 5,134 square feet of kitchen and restaurant space and 3,682 square feet of brewing area. With concrete block construction, exposed ceilings, and stunning roll-up glass doors, the facility exudes a modern industrial vibe. The expansive lawn area includes three upgraded pad sites for food carts, complete with concrete pads, underground electrical lines, and grey water lines.With 52 parking spots available on-site and additional parking on land leased from ODOT, the property offers ample parking options. The ODOT-leased land spans 21,999 square feet on the eastern edge of the property.FURNITURE, FIXTURES & EQUIPMENTThis turnkey facility offers all the essential equipment for restaurant and brewery use, such as a large grease trap, particulate storage tank for the brewing system, walk-in freezer/cooler, point-of-sale system, hand sink, dish sink, and leased dishwasher. Although the furniture, fixtures and equipment are not included in the sale, they are available for purchase.Contact the listing agents for more information.

Property Details

  • Sale Type    Investment NNN
  • Sale Condition    Sale Leaseback
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    8,816
  • Building Class    B
  • Year Built/Renovated    1988/2018
  • Price    5,500,000
  • Price Per SF    624
  • Cap Rate    5.26
  • NOI    289,300
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.13
  • Land Acres    1.57 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Bus Line
  • Fireplace
  • Restaurant
  • Accent Lighting

Nearby Amenities & Transportation

Retail High Desert Cross Fit
Retail Red Robin
Retail Pure Barre
Retail Rent-A-Center
Retail Orangetheory Fitness
Retail Barre3
Retail Umpqua Bank
Retail WaFd Bank
Retail Grocery Outlet
Retail Dutch Bros

Property Taxes

Parcel Number 172021 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,653,970
Date Created: 2024-07-16 04:18:09 Last Updated: 2024-07-16 04:18:09
Address: 50 SW Division St , Bend, Oregon, 97702