Drive-Through NNN
583 NE Bellevue Drive, Bend, OR 97701
For Sale
$2,185,000
The Starbucks lease includes four five-year renewal options and limited landlord responsibilities.
Property Size2,614 SF
Lot Size0.59 Acres
Price / SF$835.88
Days on Market74
Property Features for 583 NE Bellevue Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Drive-Thru
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Compass Commercial Real Estate
Listed By:
Luke Ross · License #201209892
(541) 848-4046
Source:
Nexus360realty
Added: Aug 28
Changed: Nov 8
Last Checked: Nov 8 at 6:02PM
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 Compass Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding drive-through property in Bend, Oregon, contains a 2,614-square-foot building on 0.59 acres. Built in 1997, it has 19 parking spaces and General Commercial (CG) zoning. Starbucks has operated at the site since 2004, and the lease is with Starbucks Corporation.
The modified NNN lease runs through May 31, 2029, and includes four additional five-year renewal options that could extend occupancy through May 31, 2049. Landlord responsibilities are limited under the lease.
The modified NNN lease runs through May 31, 2029, and includes four additional five-year renewal options that could extend occupancy through May 31, 2049. Landlord responsibilities are limited under the lease.
Key Highlights
- 2,614‑square‑foot freestanding drive‑through building
- 0.59‑acre site with 19 parking spaces
- General Commercial (CG) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,047
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,940
$1.6M
Cap Rate 7%
$1,129,243
$1.1M
Cap Rate 9%
$878,300
$878.3K
Market Conditions
NOI Build-Up for 2,614 SF
Gross rent
$109.8K $42.00/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$105.4K $40.32/SF
− OpEx
−$26.3K −$10.08/SF
NOI
$79.0K $30.24/SF
Area
Bend, OR
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,940
Cap Rate 7%
$1,129,243
Cap Rate 9%
$878,300
Alternative Uses
Best Use
Specialty Retail
$1.13M
$988.1K – $1.32M
NOI $79,047 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
286k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 27%
Shops & Services 24%
Superstores 5%
Safeway
Groceries
54,425 visits/mo
0.1 miles
Barnes & Noble
Shops & Services
25,331 visits/mo
0.1 miles
Whole Foods Market
Groceries
23,322 visits/mo
0.1 miles
McDonald's
Dining
23,100 visits/mo
0.2 miles
Starbucks
Dining
17,956 visits/mo
0.1 miles
Demographics for 97701, OR
42,159
Population
19,020
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
94%
High-School Grad
311.8 sq mi
ZIP Area
135
Density / Sq Mi
$77,969
Median Household Income
$47,431
Median Earnings
$1,700
Median Rent
$567,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The Starbucks lease includes four five-year renewal options and limited landlord responsibilities.
Where is this nnn property located?
The property is located at 583 NE Bellevue Drive Bend, OR.
What is the asking price?
The asking price for this property is $2,185,000.
What are key features of this property?
This property features: 2,614‑square‑foot freestanding drive‑through building; 0.59‑acre site with 19 parking spaces; General Commercial (CG) zoning
