1611 N 18th St - Fast Food FOR SALE


Springfield, OR 97477- Outer Eugene
$2,035,533 USD
203-253-9455
1611 N 18th St, Springfield, OR for Sale
$2,035,533 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

1611 N 18th St
Springfield, OR 97477
Outer Eugene


HIGHLIGHTS

  • Long - Term Absolute NNN Lease
  • Established 40+ Year Burger King Location
  • Strong Traffic Counts
  • Dense Consumer Base
  • Annual Rental Increases Staring July 2027
  • WinCo - Anchored Retail Synergy

OVERVIEW

Surmount is pleased to present the exclusive listing for a Burger King located at 1611 North 18th Street, Springfield, OR 97477. The site consists of roughly 2,932 rentable square feet of building space on an estimated .57-acre parcel of land. 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% Annually 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 TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

N/A

APN/PARCEL ID

1912391

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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