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    121 Ponderosa Dr Sutherlin, OR 97479

    Sponsored
    For Sale
    $1,846,470

    High-yield Burger King investment; long-term lease.

    Property size:
    3,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,192 square foot Burger King located at 121 Ponderosa Dr, Sutherlin, OR 97479, situated on a 0.83-acre lot. The property boasts a strong, long-term net lease with Burger King, a well-established tenant operating at this location for over 20 years. The current lease, an absolute triple-net (NNN) agreement, commenced June 1st, 2021, and has a remaining term of 16.6 years, extending to June 30th, 2041. The lease includes four, five-year tenant renewal options, potentially extending the lease term to 40 years. The current annual net operating income (NOI) is $106,172, representing a 5.75% cap rate on the asking price of $1,846,470 ($578.47 per square foot). Annual rent increases of 1.5% are built into the lease, commencing in year seven, providing consistent growth potential. The property, built in 1998, presents a low-maintenance, passive income stream with minimal landlord responsibilities due to the NNN lease structure. This is an ideal investment for those seeking a stable, high-yield, long-term commercial property with a nationally recognized tenant. The property's location in Sutherlin, Oregon, within Douglas County, offers convenient access to local amenities and a strong regional market.

    Property Features for 121 Ponderosa Dr

    General Information

    Property type
    Restaurants
    Square Feet
    3,192 SF
    Lot Size
    36,155 SF

    Building Details

    Year Built
    1998

    HighLights

    • 17+ year remaining NNN lease with Burger King, commencing June 2021.
    • Absolute NNN lease; no landlord responsibilities.
    • Annual rent increases of 1.5% starting in year seven.
    • Four, five‑year tenant renewal options, extending potential lease term to 40 years.
    • Established Burger King tenant operating at this location for over 20 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sutherlin
    County
    Douglas
    State
    Oregon
    Longitude
    -123.3365313
    Latitude
    43.3855336

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    FAQs

    What type of property is this?
    Restaurant - High-yield Burger King investment; long-term lease.
    Where is this restaurant located?
    The property is located at 121 Ponderosa Dr Sutherlin, OR.
    What is the asking price?
    The asking price for this property is $1,846,470.
    What are key features of this property?
    This property features: 17+ year remaining NNN lease with Burger King, commencing June 2021.; Absolute NNN lease; no landlord responsibilities.; Annual rent increases of 1.5% starting in year seven.
    Request Owner's contact information
    121 Ponderosa Dr Sutherlin, OR 97479
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Ponderosa Dr Sutherlin, OR 97479
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