874 Prince Pl - Fast Food FOR SALE


Madras, OR 97741
$3,148,800 USD
480-214-9419
874 Prince Pl, Madras, OR for Sale
$3,148,800 USD
Fast Food - FOR SALE
1/7
null | 5% Cap Rate

874 Prince Pl
Madras, OR 97741


HIGHLIGHTS

  • Heavy Traffic
  • Incredible Visibility and Access to Highway 97
  • New construction with minimal landlord responsibilities

OVERVIEW

Newly built Starbucks with modern design and drive-thru. Located at the busiest intersection in Madras, with rare access to Highway 97 on both sides of the property. Approximately 500 feet of frontage on both sides. 10-year lease term expiring on February 28, 2035. Minimal landlord responsibilities. Madras serves as the gateway to Central Oregon, including towns such as Redmond, Bend, Sunriver, and Prineville. Madras benefits from its location along U.S. Highway 97, a major transportation route connecting it to larger economic centers like Portland, Bend, and Redmond. *Owner/Agent

FOR SALE DETAILS

PRICE

$3,148,800 USD

PRICE/SF

$1,280 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,492 SF

ZONING

C3

APN/PARCEL ID

111311-DD-06600

ASK ABOUT THIS PROPERTY

Jake ErtleRein & GrossoehmeMore Info
480-214-9419

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Jake ErtleRein & GrossoehmeMore Info
480-214-9419

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