Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    63076 Highway 97 Bend, OR 97701

    Sponsored
    For Sale
    $4,200,000

    High-return Sonic franchise, 11-year lease.

    Property size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 1,700 square foot Sonic Drive-In restaurant located at 63076 N Hwy 97, Bend, Oregon, 97701. The property, built in 2008 and renovated in 2021, sits on a 0.81-acre lot in a high-traffic area with excellent visibility. The absolute NNN lease with a franchisee tenant boasts a remaining term of 11 years, expiring December 31, 2033, with rent bumps every five years. The current annual net operating income (NOI) is $216,000, yielding a 5.20% cap rate on the $4,200,000 asking price. This translates to a price per square foot of $2,470.59. The property is classified as a Class B retail building with a single unit and is zoned for commercial use. The tenant, a seasoned operator with over 35 years of experience and currently operating nine Sonic locations, provides a strong and stable income stream. The location benefits from its proximity to numerous national retailers including The Home Depot, Lowe's, Target, and many more, ensuring high traffic and strong demographics. The surrounding area boasts a population of 124,000 within a 10-mile radius, with an average household income of $98,000. This is a management-free passive investment opportunity with zero landlord responsibilities, making it ideal for investors seeking a secure and profitable addition to their portfolio. The property's APN is 118153.

    Property Features for 63076 Highway 97

    General Information

    Property type
    Restaurants
    Square Feet
    1,700 SF
    Class
    B
    Lot Size
    35,284 SF

    Building Details

    Year Built/Renovated
    2008/2021
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Zero landlord responsibility, NNN lease.
    • 1,700 SF Sonic Drive‑In, built 2008, renovated 2021.
    • High‑traffic location with excellent visibility.
    • Strong demographics: 124,000 population within 10‑mile radius, $98,000 average household income.
    • Proximity to numerous national retailers including Home Depot, Lowe's, Target.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sonic Drive-In Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.30535596676
    Latitude
    44.090191663314

    Nearby Similar for Sale

    • $1,950,000
      2,176 SF

      Equestrian Ranch with Income Potential

      19.72-acre ranch near Bend, OR, with extensive equestrian facilities.
      22500 Alfalfa Market Rd, Bend, OR 97701
      View Details
    • $5,545,000
      3,034 SF

      Oregon Horseman's Dream Estate

      35.21 acre estate with water rights and equestrian facilities.
      66505 Gerking Market Rd, Bend, OR 97703
      View Details
    • $1,999,999
      3,016 SF

      Tumalo Ranch with Cascade Views

      58.55-acre ranch in Tumalo with Cascade Mountain views.
      19190 Pinehurst Rd, Bend, OR 97703
      View Details
    • $789,995
      Pending

      Bend Duplex in Prime Location

      Well-maintained duplex in SE Bend near shops, restaurants, and parks.
      61683 Daly Estates Dr, Bend, OR 97702
      View Details
    • $250,000
      Pending

      Thriving Bend Restaurant with Courtyard

      Turn-key restaurant with secret garden courtyard in downtown Bend.
      750 NW Lava Rd, Bend, OR 97703
      View Details
    • $630,000
      Pending

      Bend Duplex: Investment Opportunity

      Charming duplex in SE Bend, great investment or owner-occupy opportunity.
      501 SE Wilson Ave, Bend, OR 97702
      View Details
    • $329,900
      0.57 Acres

      Shop on .57 Acre Lot

      Shop with RV door, lift, air compressor, and storage container.
      17037 Downey Rd, Bend, OR 97707
      View Details
    • $295,000

      Operational Indoor Grow Facility

      Fully operational indoor grow facility with expansion potential near Bend.
      Bend, OR 97703
      View Details
    • $98,900
      0.03 Acres

      Bend Airport T-Hangar For Sale

      T-Hangar at Bend Municipal Airport with taxiway access.
      63096 Ta2, Bend, OR 97701
      View Details
    • $9,518,160
      39,659 SF

      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
      107 SW Columbia St, Bend, OR 97702
      View Details
    • $1,350,000
      2,336 SF

      Versatile Duplex with ADU Potential

      Spacious duplex on 1.14 acres with two ADUs.
      61620 Daly Estates Dr, Bend, OR 97702
      View Details
    • $6,000,000
      20,000 SF

      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
      95 SW Columbia St, Bend, OR 97702
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-return Sonic franchise, 11-year lease.
    Where is this restaurant located?
    The property is located at 63076 Highway 97 Bend, OR.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Zero landlord responsibility, NNN lease.; 1,700 SF Sonic Drive-In, built 2008, renovated 2021.; High-traffic location with excellent visibility.
    Request Owner's contact information
    63076 Highway 97 Bend, OR 97701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    63076 Highway 97
    Bend, OR 97701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    63076 Highway 97 Bend, OR 97701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.