About This Restaurant
Investment Highlights
Long Term, 20-Year Lease that Commenced in June 2021 ? Over 17 Years Remaining Attractive Rental Increases of 1.50% Annually Beginning in Year 7 Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 121 Ponderosa Drive, Sutherlin, OR. The site consists of roughly 3,192 rentable square feet of building space on estimated 0.83 acres of land. This Burger King is subject to a 20-year absolute triple net (NNN) lease which commenced June 1st, 2021, and has over 17 years remaining. The base rent is $106,172 and will increase by 1.50% percent annually starting in year seven and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,192
- Building Class C
- Year Built 1998
- Price 1,846,470
- Price Per SF 578
- Cap Rate 5.75
- NOI 106,172
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.83 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | R46874 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $921,190 |
| Date Created: | 2024-07-16 04:18:10 | Last Updated: | 2024-07-16 04:18:10 |
| Address: | 121 Ponderosa Dr , Sutherlin, Oregon, 97479 | ||