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69990 E Highway 26

Floor

1

Size

1,800 SF

Type

RETAIL

Lease Type

NNN

Availability

AVAILABLE, Now

Sublease

No

Former Subway location with an existing Drive-Thru and restaurant equipment in place.

Contact us

Listing Agency: Macadam Forbes Show Phone

Listed By: Brett Bayne · License ##940700089 Show Phone

Source: Moodyscre

Added: Apr 15, 2025 Changed: Sep 15 Last Checked: Sep 16 at 5:36PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes

Investment Insights

Based on property information with market context.

This property, formerly a Subway location, features an existing drive-thru and includes restaurant equipment. The building has a size of 1800 square feet. It is suitable for drive-through restaurants, restaurants, and retail properties, including turn-key restaurant operations.

Key Highlights

• High‑Visibility Location
• Existing Drive‑Thru
• Restaurant Equipment in Place

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$25,035

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.34%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$500,700 $500.7K

Cap Rate 7%

$357,643 $357.6K

Cap Rate 9%

$278,167 $278.2K

Market Conditions

NOI Build-Up for 1,800 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$38.7K $21.48/SF

− Vacancy

−$2.9K −$1.61/SF

EGI

$35.8K $19.87/SF

− OpEx

−$10.7K −$5.96/SF

NOI

$25.0K $13.91/SF

Area

Clackamas County, OR

Vacancy

7.50%

Lease Rate

$21.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$500,700

Cap Rate 7%

$357,643

Cap Rate 9%

$278,167

Alternative Uses

Best Use

Retail

$357.6K

$312.9K – $417.3K (±1% cap)

NOI $25,035 @ 7.0% cap · market cap 3.34%

Second Best

Specialty Retail

$321.1K

$281.0K – $374.6K (±1% cap)

NOI $22,478 @ 7.0% cap · market cap 3.00%

Theoretical Best

Office A

$485.9K

$425.1K – $566.8K (±1% cap)

NOI $34,010 @ 7.0% cap · market cap 4.53%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Plumbing Service Grocery & Convenience Store Auto Repair Shop Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,286 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drive through restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Drive through restaurant - Former restaurant with drive-thru and equipment in place.

Where is this drive through restaurant located?

The property is located at 69990 E Hwy 26 Welches, OR.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: High‑Visibility Location; Existing Drive‑Thru; Restaurant Equipment in Place