Triple Net Burger King
For Sale
Contact for pricing
1611 18th Street, Springfield, OR 97477
Single-tenant Burger King on a leased basis with scheduled rent increases under a long-term NNN lease.
Property Size2,932 SF
Lot Size0.57 Acres
Price / SF$694.25
Days on Market56
Property Features for 1611 18th Street
General Information
Standard status
Active
Size
2,932 SF
Lot size
0.57 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$122,132
Building Details
Year Built
1976
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Edward Otocka · License #NY 10401298466
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 11 at 1:14PM
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
Investment Insights
Based on property information with market context.
The property is a single-tenant Burger King restaurant offering approximately 2,932 rentable square feet of building area on an estimated 0.57-acre parcel. The site is operated under a 20-year Triple Net (NNN) lease structure. The lease commenced on 6/1/2021, and the current annual rent is $122,132, with scheduled 1.50% annual increases beginning in July 2027.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
560k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 21%
Shops & Services 20%
Groceries 17%
Walmart
Superstores
117,975 visits/mo
0.5 miles
WinCo Foods
Groceries
61,790 visits/mo
0.1 miles
McDonald's
Dining
30,691 visits/mo
0.2 miles
Dollar Tree
Shops & Services
29,898 visits/mo
0.1 miles
Albertsons
Groceries
27,173 visits/mo
0.4 miles
Demographics for 97477, OR
37,602
Population
16,572
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
3,032
Density / Sq Mi
$63,574
Median Household Income
$35,645
Median Earnings
$1,176
Median Rent
$345,800
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?
NNN property - Single-tenant Burger King on a leased basis with scheduled rent increases under a long-term NNN lease.
Where is this nnn property located?
The property is located at 1611 18th Street Springfield, OR.
What is the asking price?
The asking price for this property is $2,035,533.
What are key features of this property?
This property features: 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
