48005 Or-58 Oakridge, OR 97463
- Retail properties
- 1,450 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 48005 Or-58
- Property size
- 1,450 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This established Oakridge, Oregon restaurant presents a compelling investment opportunity. Located at 48005 OR-58, this single-story, 1,450 square foot building sits on an 8,123 square foot lot, enjoying high visibility on Hwy 58. The property boasts a Class C designation and is currently 100% occupied under a modified lease with a single tenant. The lease commenced May 8, 2024, and expires May 8, 2029, with a five-year automatic renewal option, unless a 90-day notice is provided. Rent is currently $2,250 per month, with scheduled rent bumps of 12.5% on January 1, 2025, and 4.5% on May 8, 2029. The building underwent renovations in 2019 and features a concrete foundation and newer rubber roof, minimizing maintenance needs. Included in the sale are various restaurant equipment items purchased within the last five years, such as a range, walk-in cooler, and furniture. The tenant is responsible for interior maintenance, including air conditioning
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakridge
- County
- Lane
- State
- Oregon
- Longitude
- -122.469
- Latitude
- 43.7453
