121 Ponderosa Dr Sutherlin, OR 97479
- Drive through restaurants
- 2,934 SF
- 0.83 lot acres
Current Use by Public Records
- Burger King / Fast Food Restaurant / Restaurant
Property Details for 121 Ponderosa Dr
- Year built
- 1998
- Lot size
- 0.83 lot acres
- Property size
- 2,934 SF
- Property type
- Drive through restaurants
- APN
- 25-05W-19AB-08600
- APU
- 2505W19AB08600
Description
This exceptional investment opportunity presents a 3,192 square foot Burger King located at 121 Ponderosa Dr, Sutherlin, OR 97479, situated on a 0.83-acre lot. The property boasts a strong, long-term net lease with Burger King, a well-established tenant operating at this location for over 20 years. The current lease, an absolute triple-net (NNN) agreement, commenced June 1st, 2021, and has a remaining term of 16.6 years, extending to June 30th, 2041. The lease includes four, five-year tenant renewal options, potentially extending the lease term to 40 years. The current annual net operating income (NOI) is $106,172, representing a 5.75% cap rate on the asking price of $1,846,470 ($578.47 per square foot). Annual rent increases of 1.5% are built into the lease, commencing in year seven, providing consistent growth potential. The property, built in 1998, presents a low-maintenance, passive income stream with minimal landlord responsibilities due to the NNN lease structure. This is an ideal investment for those seeking a stable, high-yield, long-term commercial property with a nationally recognized tenant. The property's location in Sutherlin, Oregon, within Douglas County, offers convenient access to local amenities and a strong regional market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sutherlin
- County
- Douglas
- State
- Oregon
- Longitude
- -123.336
- Latitude
- 43.3857
- CBSA code
- 40700
- CBSA name
- ROSEBURG, OR MICROPOLITAN STATISTICAL AREA
