121 NE 3rd St - Restaurant FOR SALE


Prineville, OR 97754
$1,310,000 USD
503-689-4498
121 NE 3rd St, Prineville, OR for Sale
$1,310,000 USD
Restaurant - FOR SALE
1/36
null | 7.15% Cap Rate

121 NE 3rd St
Prineville, OR 97754


HIGHLIGHTS

  • Stable NNN income-producing investment
  • Brand-new 5-year lease commencing August 2025, with one 5-year renewal, option at market rate
  • Attractive 7.15% CAP Rate
  • 3% annual rent increases for built-in income growth
  • Fully outfitted commercial kitchen
  • Additional amenities include 6 lottery machines and a full-service bar

OVERVIEW

Prime NNN Investment in the Heart of Downtown Prineville! Offered at $1,310,000, this 5,800 SF fully leased property presents a rare opportunity to own a stable NNN investment in Prineville’s vibrant downtown core. Situated on 0.33 acres with coveted C1 – Central Commercial zoning, the building combines versatility with prime visibility. Originally built in 1971 and tastefully remodeled in 1991, it stands as a proven income-producing asset in one of Central Oregon’s fastest-growing communities. ABOUT THE TENANT: Crossroads BBQ Pit & Pub has been a cornerstone of downtown Prineville’s dining scene for over a decade, proudly serving breakfast, lunch, and dinner to both locals and visitors. Opening its doors on October 13, 2015, Crossroads quickly became known for its mouthwatering BBQ, welcoming atmosphere, and authentic small-town charm. Ideally located in the heart of the city—adjacent to the newly renovated High Desert Inn and offering convenient on-site parking—this established restaurant consistently draws steady traffic from tourists and loyal regulars alike. In a market known for high restaurant turnover, Crossroads has demonstrated lasting success, making it a proven and resilient business presence in the community. Whether you're seeking a growing consumer base, rising economic momentum, or a solid long term outlook, Prineville offers a compelling destination for commercial investment.

FOR SALE DETAILS

PRICE

$1,310,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Investment 7.15% CAP Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C1

APN/PARCEL ID

015041

ASK ABOUT THIS PROPERTY

Dinah GreenGreen Tree Commercial Real EstateMore Info
503-689-4498

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Dinah GreenGreen Tree Commercial Real EstateMore Info
503-689-4498

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