121 Ponderosa Dr - Fast Food FOR SALE


Sutherlin, OR 97479
$1,846,470 USD
332-345-4222
121 Ponderosa Dr, Sutherlin, OR for Sale
$1,846,470 USD
Fast Food - FOR SALE
1/2
null | 5.75% Cap Rate

121 Ponderosa Dr
Sutherlin, OR 97479


HIGHLIGHTS

  • Long Term, 20-Year Lease that Commenced in June 2021 – Over 17 Years Remaining
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.50% Annually Beginning in Year 7

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,846,470 USD

PRICE/SF

$578 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C

APN/PARCEL ID

R46874

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.