583 NE Bellevue Dr - Fast Food FOR SALE


Bend, OR 97701- Mountain View
$2,295,000 USD
541-480-6144
583 NE Bellevue Dr, Bend, OR for Sale
$2,295,000 USD
Fast Food - FOR SALE
1/11
null | 4.76% Cap Rate

583 NE Bellevue Dr
Bend, OR 97701
Mountain View


HIGHLIGHTS

  • Corporate-guaranteed Starbucks tenant with an established operating history at this location since 2004
  • Scarce drive-through QSR supply on Bend’s east side supports long-term user demand
  • Long renewal runway with four additional 5-year options that could extend the lease through 2049
  • Modified NNN lease with limited landlord responsibilities supports passive ownership
  • Signalized corner location at a prominent east Bend intersection with traffic counts of ±24,600 AADT
  • Strong in-place income generating $109,257 in annual net operating income

OVERVIEW

This corporate-guaranteed Starbucks investment opportunity is located at 583 NE Bellevue Dr in Bend, Oregon, at the signalized intersection of Highway 20 and NE 27th Street. Starbucks has operated at this location since 2004. The property includes a 2,614 SF freestanding drive-through building on 0.59 acres, with 19 parking spaces and General Commercial (CG) zoning. Built in 1997, the property is leased to Starbucks Corporation under a modified NNN lease with limited landlord responsibilities. The current lease term runs through May 31, 2029, with four additional five-year renewal options that could extend occupancy through May 31, 2049.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$713 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

CG

APN/PARCEL ID

189839

ASK ABOUT THIS PROPERTY

Luke RossCompass Commercial Real Estate ServicesMore Info
541-480-6144

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Luke RossCompass Commercial Real Estate ServicesMore Info
541-480-6144

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