Bar & Restaurant NNN
For Sale
$1,100,000
995 Marine Drive, Astoria, OR 97103
Long-running bar operation with extended tenant stability and fixed annual escalations under a near-NNN structure.
Property Size4,577 SF
Days on Market142
Property Features for 995 Marine Drive
General Information
Standard status
Active
Size
4,577 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Building Size
4,577 SF
Year Built
1922
Listing Agency:
SVN Imbrie Realty
Listed By:
Carl Grending, CCIM · License #OR #201224814
(971) 533-3000
Source:
Svn
Added: Jun 2
Changed: Oct 15
Last Checked: Oct 20 at 5:46PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,845
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,900
$1.4M
Cap Rate 7%
$969,214
$969.2K
Cap Rate 9%
$753,833
$753.8K
Market Conditions
NOI Build-Up for 4,577 SF
Gross rent
$100.5K $21.96/SF
− Vacancy
−$10.1K −$2.20/SF
EGI
$90.5K $19.76/SF
− OpEx
−$22.6K −$4.94/SF
NOI
$67.8K $14.82/SF
Area
Clatsop County, OR
Vacancy
10.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,900
Cap Rate 7%
$969,214
Cap Rate 9%
$753,833
Alternative Uses
Best Use
Specialty Retail
$969.2K
$848.1K – $1.13M
NOI $67,845 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,151 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
McDonald's
Dining
19,335 visits/mo
0.2 miles
Burger King
Dining
10,352 visits/mo
0.4 miles
Mobil
Shops & Services
7,418 visits/mo
0.4 miles
Chevron
Shops & Services
6,810 visits/mo
0.3 miles
U.S. Bank
Shops & Services
3,913 visits/mo
0.2 miles
Demographics for 97103, OR
18,080
Population
8,007
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
163.3 sq mi
ZIP Area
111
Density / Sq Mi
$75,080
Median Household Income
$41,222
Median Earnings
$1,156
Median Rent
$437,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- 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
- Blaylock's Whiskey Bar — 433 13th St, Astoria, OR 97103
Frequently Asked Questions
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
