Turnkey Restaurant with Outdoor
For Sale
$1,700,000
8060 11th Street, Terrebonne, OR 97760
Turnkey breakfast and lunch restaurant featuring new kitchen equipment, modern finishes, outdoor seating, and ample on-site parking.
Property Size2,772 SF
Lot Size1.16 Acres
Price / SF$613.28
Days on Market399
Property Features for 8060 11th Street
General Information
Standard status
Active
Size
2,772 SF
Lot size
1.16 Acres
Property subtype
Commercial
Zoning
TER
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,616
Amenities
outdoor seating
Building Details
Building Size
2,772 SF
Year Built
1981
Stories
1
Units
1
Listing Agency:
Windermere Realty Trust
(541) 419-3331
Listed By:
Dustin Hewitt · License #201211095
(541) 419-3331
Source:
Allprofessionalsre
Added: Jul 21, 2025
Changed: Aug 23
Last Checked: Aug 22 at 1:34PM
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 Windermere Realty Trust
Investment Insights
Based on property information with market context.
Turnkey breakfast and lunch restaurant offering a fully updated interior with new kitchen equipment, modern fixtures, and styled finishes throughout. The property includes outdoor seating and an existing restaurant building of approximately 2,772 SF set on 1.16 acres. Ample on-site parking is available for customers.
Brand 44 North is located in the heart of Terrebonne, Oregon, adjacent to Hwy 97, and minutes from Smith Rock State Park. Owner financing terms are available. The business is available for purchase without the required purchase of the building.
This offering presents a developed, restaurant-ready setup designed to support day-to-day operations with existing improvements already in place.
Brand 44 North is located in the heart of Terrebonne, Oregon, adjacent to Hwy 97, and minutes from Smith Rock State Park. Owner financing terms are available. The business is available for purchase without the required purchase of the building.
This offering presents a developed, restaurant-ready setup designed to support day-to-day operations with existing improvements already in place.
Key Highlights
- Brand 44 North turnkey breakfast and lunch restaurant business for sale without required purchase of the building
- 2,772 SF building on 1.16 acres in Terrebonne, OR
- Completely transformed with new kitchen equipment and modern fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,676,500
$1.7M
Cap Rate 7%
$1,197,500
$1.2M
Cap Rate 9%
$931,389
$931.4K
Market Conditions
NOI Build-Up for 2,772 SF
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.
Gross rent
$116.4K $42.00/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$111.8K $40.32/SF
− OpEx
−$27.9K −$10.08/SF
NOI
$83.8K $30.24/SF
Area
Jefferson County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,676,500
Cap Rate 7%
$1,197,500
Cap Rate 9%
$931,389
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,825 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97760, OR
8,071
Population
3,701
Households
2.2
Avg Household Size
55
Median Age
28%
College-Educated
94%
High-School Grad
91.2 sq mi
ZIP Area
88
Density / Sq Mi
$84,198
Median Household Income
$41,458
Median Earnings
$465,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smith Rock Hideout — 8540 NW 2nd St, Terrebonne, OR 97760
- Brand 44° N — 8060 11th St, Terrebonne, OR 97760
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Turnkey breakfast and lunch restaurant featuring new kitchen equipment, modern finishes, outdoor seating, and ample on-site parking.
Where is this breakfast & diner located?
The property is located at 8060 11th Street Terrebonne, OR.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Brand 44 North turnkey breakfast and lunch restaurant business for sale without required purchase of the building; 2,772 SF building on 1.16 acres in Terrebonne, OR; Completely transformed with new kitchen equipment and modern fixtures
