1611 18th St - Fast Food FOR SALE


Springfield, OR 97477- Outer Eugene
$2,035,533 USD
332-345-4222
1611 18th St, Springfield, OR for Sale
$2,035,533 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

1611 18th St
Springfield, OR 97477
Outer Eugene


HIGHLIGHTS

  • Established Franchisee with Growing Platform
  • Long-Term NNN Lease with Scheduled Rent Growth
  • Attractive Price Per SF in a High-Traffic Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Burger King located at 1611 18th Street, Springfield, OR 97477. The site consists of roughly 2,932 rentable square feet of building space on an estimated 0.57-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2021. The current annual rent is $122,132 and has scheduled increases of 1.50% starting July 2027.

FOR SALE DETAILS

PRICE

$2,035,533 USD

PRICE/SF

$694 USD /SF

CAP RATE

6%

% 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

1976

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

0212033

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.