Listing Agency: NNN Pro Group Show Phone

Listed By: Glen Kunofsky · License #49KU1129178 Show Phone

Source: Moodyscre

Added: Mar 14, 2025 Changed: Sep 5 Last Checked: Sep 13 at 10:26AM

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Investment Insights

Based on property information with market context.

The property is a Popeyes restaurant located at 1680 North 1st Street, Hermiston, Oregon. It features a 2,536-square-foot building on an estimated 0.82-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease that commenced on June 1, 2023. The current annual rent is $215,000, with scheduled increases of 1.75% annually starting in year 7.

Key Highlights

• 20‑year Triple Net (NNN) lease commenced 6/1/2023
• Current annual rent is $215,000
• Located at 1680 North 1st Street, Hermiston, Oregon 97838

Property Analytics

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Current Use

Popeyes Louisiana Kitchen Restaurant

Suggested Use

Top Pick Parking Lot & Garage Dental Office (Bike/Boat/Book/etc) Store Electrical Service Kitchen & Bath Showroom HVAC Service

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

288

Businesses Nearby

278k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 39% Superstores 25% Home Improvements & Furnishings 15% Shops & Services 11%

Walmart Superstores

69,573 visits/mo 0.3 miles

McDonald's Dining

32,070 visits/mo 0.4 miles

The Home Depot Home Improvements & Furnishings

23,747 visits/mo 0.3 miles

Jack in the Box Dining

16,138 visits/mo 0.4 miles

Burger King Dining

13,734 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

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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?

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Popeyes restaurant in Hermiston, Oregon with long-term NNN lease.

Where is this drive through restaurant located?

The property is located at 1680 N 1st St Hermiston, OR.

What is the asking price?

The asking price for this property is $3,079,250.

What are key features of this property?

This property features: 20‑year Triple Net (NNN) lease commenced 6/1/2023; Current annual rent is $215,000; Located at 1680 North 1st Street, Hermiston, Oregon 97838