1611 18th Street, Springfield, OR 97477
Single-tenant Burger King on a leased basis with scheduled rent increases under a long-term NNN lease.
- Added:
- Jun 17, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 24 at 1:58 am
Property Features for 1611 18th Street
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Lot size
- 0.57 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing office SURMOUNT (332) 345-4222
Listing date Jun 17, 2026
Source Crexi
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 SURMOUNT
HighLights
- Single‑tenant Burger King at 1611 North 18th Street, Springfield, OR 97477
- Approximately 2,932 rentable SF on an estimated 0.57‑acre parcel
- 20‑year Triple Net (NNN) lease commenced 6/1/2021
- Current annual rent of $122,132 with scheduled 1.50% annual increases starting July 2027
Overview
Located at 1611 North 18th Street in Springfield, Oregon 97477, this offering provides investors with a stable, professionally leased restaurant format. The subject property is presented as an exclusive sale listing for the operating Burger King under the existing NNN terms.
This is a practical fit for investors seeking a single-tenant, NNN-leased restaurant asset with contractual rent escalations already built into the lease schedule. Because the ownership interest is tied to the existing Burger King lease through its term, the property’s income profile is primarily driven by the lease provisions rather than tenant-by-tenant leasing needs.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Lane
- State
- Oregon
- Longitude
- -122.9978059
- Latitude
- 44.0600405
