121 NE 3rd St - Restaurant FOR SALE


Prineville, OR 97754
$1,250,000 USD
503-689-4498
121 NE 3rd St, Prineville, OR for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/37
null | 7.5% Cap Rate

121 NE 3rd St
Prineville, OR 97754


HIGHLIGHTS

  • 100% Leased NNN Investment
  • Established Tenant operating successfully in Prineville for over 10 years
  • High-Visibility Downtown Location surrounded by retail, lodging, and local businesses
  • Growing Central Oregon Market
  • Passive Investment with minimal landlord responsibilities under the NNN lease
  • Impressive 7.5% CAP Rate

OVERVIEW

Prime downtown Prineville NNN investment opportunity! This 5,800 SF property, offered at $1,250,000 with an impressive 7.50% CAP rate, is fully leased with a brand-new 5-year term beginning August 2025 and a 5-year renewal option. Enjoy 3% annual rent increases for built-in income growth. Situated on 0.33 acres with coveted C1 Central Commercial zoning, the building features a fully equipped commercial kitchen, full-service bar, and prime visibility in the city’s vibrant core. Anchored by Crossroads BBQ Pit & Pub—a proven tenant and community favorite for over a decade—this property benefits from steady local and tourist traffic. Located adjacent to the newly renovated High Desert Inn with on-site parking, this stable, income-producing asset is set in one of Central Oregon’s fastest-growing communities.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

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 Notice.