Ground-Leased Quick Service
For Sale
Contact for pricing
300 NW 3rd St, Corvallis, OR 97330
McDonald’s ground lease with 3 years remaining and a single 5-year extension option on an absolute net basis.
Property SizeContact for details
Days on Market120
Property Features for 300 NW 3rd St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Portland
Listed By:
Joseph Blatner · License #OR 980500024, NV S.0196647
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 7:41AM
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 CBRE - Portland
Investment Insights
Based on property information with market context.
CBRE is offering for sale a McDonald’s ground lease situated at a prominent corner location on Van Buren Avenue and Highway 99W. The lease is signed by McDonald’s corporate under an absolute net structure.
The property is described as sandwiched between Highway 99W running north on one side and south on the other. It is also noted as being within walking distance of Oregon State University, Benton County Circuit Court, Corvallis Municipal Courthouse, and Corvallis City Hall, and surrounded by national retail and service operators including Starbucks, Safeway, Dairy Queen, Panera Bread, major banks, USPS, and multiple hotel brands.
The ground lease term has 3 years remaining, with one 5-year option to extend. The tenant has operated at this location for a reported 27-year history, and the next option is set to initiate in 2024 with a stated 15% rent increase.
The property is described as sandwiched between Highway 99W running north on one side and south on the other. It is also noted as being within walking distance of Oregon State University, Benton County Circuit Court, Corvallis Municipal Courthouse, and Corvallis City Hall, and surrounded by national retail and service operators including Starbucks, Safeway, Dairy Queen, Panera Bread, major banks, USPS, and multiple hotel brands.
The ground lease term has 3 years remaining, with one 5-year option to extend. The tenant has operated at this location for a reported 27-year history, and the next option is set to initiate in 2024 with a stated 15% rent increase.
Key Highlights
- McDonald’s ground lease at the corner of Van Buren Avenue and Highway 99W
- Lease has 3 years remaining with one 5‑year option to extend
- Next option begins in 2024 and includes a 15% rent increase
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
126k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 24%
Groceries 19%
Hotels & Casinos 5%
McDonald's
Dining
28,289 visits/mo
0.1 miles
Safeway
Groceries
23,582 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
14,600 visits/mo
0.2 miles
Panera Bread
Dining
8,273 visits/mo
0.1 miles
AMPM
Shops & Services
7,895 visits/mo
0.0 miles
Demographics for 97330, OR
43,947
Population
19,957
Households
2.2
Avg Household Size
33
Median Age
60%
College-Educated
96%
High-School Grad
78.0 sq mi
ZIP Area
563
Density / Sq Mi
$69,127
Median Household Income
$28,966
Median Earnings
$1,339
Median Rent
$495,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - McDonald’s ground lease with 3 years remaining and a single 5-year extension option on an absolute net basis.
Where is this conventional restaurant located?
The property is located at 300 NW 3rd St Corvallis, OR.
What are key features of this property?
This property features: McDonald’s ground lease at the corner of Van Buren Avenue and Highway 99W; Lease has 3 years remaining with one 5‑year option to extend; Next option begins in 2024 and includes a 15% rent increase
