This property presents an exceptional investment opportunity through a fully occupied sale-leaseback arrangement, offering a 5.8% cap rate and scheduled 3% annual increases. The asset is secured by a long-term, eight-year NNN lease with ServPro of Bend, a locally owned and operated disaster restoration franchise with a solid reputation and a thriving, largely recession-proof business model.
The 11,000 SF, well-constructed masonry industrial building is thoughtfully designed, featuring a ground floor with six heated bays, each equipped with overhead doors and bathrooms. Recent upgrades include the replacement of all overhead gas heaters and thermostats in 2023, a complete conversion to energy-efficient LED lighting, and a brand-new roof installed the same year.
The second floor offers approximately 2,000 square feet of well-appointed office space, complementing the functional layout. The property also provides excellent parking with 17 spaces, easy access for both employees and clients, and a small fenced storage yard for additional utility.
With a high-quality structure, strong tenant stability, and minimal landlord responsibilities inherent in the NNN lease, this asset offers a secure and attractive return for any investor.