121 Ponderosa Dr Sutherlin, OR 97479
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High-yield Burger King investment; long-term lease.
Property size:
3,192 SFProperty 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
Listing Agency: NNN Pro Group Listing Agent: Glen Kunofsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
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.