Former Fuddruckers Restaurant
1619 N 1st Street Hermiston, OR 97838
For Sale
$2,000,000
Restaurant building for sale with previous Fuddruckers use in a high-traffic retail setting.
Property Size6,773 SF
Price / SF$295.29
Days on Market859
Property Features for 1619 N 1st Street
General Information
Standard status
Active
Size
6,773 SF
Property subtype
Commercial
Building Details
Year Built
2009
Listing Agency:
The Whitney Land Company
Listed By:
Ashley Moala
(877) 319-7625
Source:
Century21northhomes
Added: Mar 24, 2024
Changed: Jul 10
Last Checked: Jun 10 at 1:51AM
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 The Whitney Land Company
Investment Insights
Based on property information with market context.
This offering is for the building and real property only at 1619 N 1st Street, Hermiston, OR 97838, with restaurant FF&E not included in the price. The property was previously operated as a Fuddruckers, making it a straightforward starting point for a restaurant concept looking to update and re-equip for its use.
The site is positioned as a premium retail location and is surrounded by established national and local retailers. Traffic is also a consideration, with the remarks indicating over 18,600 cars per day passing the area.
For buyers, this asset may appeal to operators who want to take on the building while handling the restaurant buildout and furnishings themselves. The seller indicates flexibility on terms, including considering a lease-to-own structure, and also notes the possibility of selling in a package with the neighboring Aaron’s Furniture property. Prospective purchasers and brokers should plan to confirm final terms and any FF&E negotiation details directly with the seller.
The site is positioned as a premium retail location and is surrounded by established national and local retailers. Traffic is also a consideration, with the remarks indicating over 18,600 cars per day passing the area.
For buyers, this asset may appeal to operators who want to take on the building while handling the restaurant buildout and furnishings themselves. The seller indicates flexibility on terms, including considering a lease-to-own structure, and also notes the possibility of selling in a package with the neighboring Aaron’s Furniture property. Prospective purchasers and brokers should plan to confirm final terms and any FF&E negotiation details directly with the seller.
Key Highlights
- Building and real property for sale; previous Fuddruckers location
- High‑traffic retail area with over 18,600 cars per day
- Year built: 2009
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.1k | $15.96 |
| − Vacancy | −$6.3k | −$0.93 |
| EGI | $101.8k | $15.03 |
| − OpEx | −$25.5k | −$3.76 |
| NOI | $76.4k | $11.28 |
6,773 SF · lease $15.96/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.09M
$954.6K – $1.27M
NOI $76,371 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,248 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building for sale with previous Fuddruckers use in a high-traffic retail setting.
Where is this conventional restaurant located?
The property is located at 1619 N 1st Street Hermiston, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Building and real property for sale; previous Fuddruckers location; High‑traffic retail area with over 18,600 cars per day; Year built: 2009
