Bar & Restaurant NNN
995 Marine Drive Astoria, OR 97103
995 Marine Drive, Astoria, OR, 97103
$1,100,000
For Sale
$1,100,000
Long-running bar operation with extended tenant stability and fixed annual escalations under a near-NNN structure.
Days on Market50
Property Features for 995 Marine Drive
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1922
Listing agency
SVN Imbrie Realty
(971) 533-3000
Listed by
Carl Grending, CCIM · License #NM #19063
(971) 533-3000
Source
Svn
Added: Jun 2 Updated: Jul 10 at 1:47PM Checked: Jul 21 at 6:31AM
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 SVN Imbrie Realty
Investment Insights
Based on property information with market context.
This sale opportunity features an established bar and restaurant use with a proven operational history of 100+ years. The property is positioned as a community institution, with the current continuity dating back to 1985. The offering also highlights long-term tenant stability of 40+ years, supported by a near-NNN expense structure designed to keep landlord involvement limited.
The location is identified at 995 Marine Drive in Astoria, Oregon, with the remarks emphasizing an irreplaceable location history and ongoing local recognition. The ownership model is presented as passive income oriented, with the lease structure described as including 3.5% fixed annual escalations.
For investors, the combination of longstanding bar use, extended tenant stability, and fixed annual rent growth profile may appeal to those seeking a steady income stream with built-in growth characteristics. The near-NNN expense description and the note about minimal landlord obligation are intended to inform buyers looking for an easier ownership experience. The remarks also cite below-market rent and potential value upside at renewal, which may be particularly relevant for investors evaluating long-hold strategies.
The location is identified at 995 Marine Drive in Astoria, Oregon, with the remarks emphasizing an irreplaceable location history and ongoing local recognition. The ownership model is presented as passive income oriented, with the lease structure described as including 3.5% fixed annual escalations.
For investors, the combination of longstanding bar use, extended tenant stability, and fixed annual rent growth profile may appeal to those seeking a steady income stream with built-in growth characteristics. The near-NNN expense description and the note about minimal landlord obligation are intended to inform buyers looking for an easier ownership experience. The remarks also cite below-market rent and potential value upside at renewal, which may be particularly relevant for investors evaluating long-hold strategies.
Key Highlights
- Built in 1922
- Long‑running bar operation with extended tenant stability (40+ years)
- Community institution since 1985
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Blaylock's Whiskey Bar — 433 13th St, Astoria, OR 97103
- Pilot House Distilling — 1270 Duane St, Astoria, OR 97103
- Yakimon Izakaya — 1239 Duane St, Astoria, OR 97103
- Reach Break Brewing — 1343 Duane St, Astoria, OR 97103
- Bridge & Tunnel Bottleshop & Taproom — 1390 Duane St, Astoria, OR 97103
FAQs
What type of property is this?
Bar & Pub - Long-running bar operation with extended tenant stability and fixed annual escalations under a near-NNN structure.
Where is this bar & pub located?
The property is located at 995 Marine Drive Astoria, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Built in 1922; Long‑running bar operation with extended tenant stability (40+ years); Community institution since 1985
