Property summary
This exceptional investment opportunity presents a brand-new, 2,400-square-foot Taco Bell restaurant in Baker City, Oregon, built in 2023. The property sits on a 0.36-acre lot and operates under a 20-year absolute NNN ground lease with a reputable franchisee (operating 250+ units) guaranteeing consistent income. The lease features built-in rent increases of 10% every five years, providing inflation protection and significant NOI growth. The property boasts a 6.00% cap rate and a current NOI of $156,912, with an asking price of $2,615,000 ($1,089.58/sq ft). Strategically located on Campbell Street, this drive-thru equipped restaurant benefits from high visibility and traffic counts, situated adjacent to Interstate 84 (12,700 vehicles per day) and State Highway 7 (11,900 vehicles per day). The property's prime location is further enhanced by its proximity to Baker High School and Baker Middle School, as well as a thriving retail corridor including Albertsons, Safeway, Rite Aid, McDonald's, Pizza Hut, and a Best Western Inn. The strong tenant synergy and robust demographics (over 10,800 residents and 4,800 employees within the 5-mile trade area, with an average household income of $75,386) contribute to the property's exceptional investment potential. The property is zoned General Commercial (C-G) and has APN 09S4016BC 102. This is a truly passive investment opportunity with zero landlord responsibilities.
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6 recent transactions · within 1.5 miComparable in this City
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