2000 Biddle Rd Medford, OR 97504
- Turn key restaurants
- 5,913 SF
- 0.99 lot acres
Current Use by Public Records
- Elmer's Restaurant (North Medford, OR) / Lunch Restaurant / Restaurant
- Cardtronics ATM / Atm
Property Details for 2000 Biddle Rd
- Lot size
- 0.99 lot acres
- Property size
- 5,913 SF
- Zone code
- C-R
- Property type
- Turn key restaurants
- APN
- 1-0600221
- APU
- 10600221
Description
This exceptional investment opportunity presents a single-tenant, net-leased restaurant property located at 2000 Biddle Rd, Medford, Oregon, 97504. The property boasts 5,913 square feet on a 0.99-acre lot, situated within a C-R zoned area and identified by APN 37-01W-18C TL #3301. Currently operating at 100% occupancy, the restaurant enjoys a strong lease with a remaining term of 3.5 years, expiring May 30, 2028. The lease structure includes a base rent with a 6% upward adjustment every two years, supplemented by percentage rent. The current annual base rent is $143,447. The property's asking price is $3,041,090, representing a price per square foot of $514.31 and a compelling 4.72% cap rate. The Net Operating Income (NOI) stands at $143,447. This is a one-story building offering a secure, passive income stream for investors seeking a stable, established restaurant investment in a desirable Oregon location. The tenant is a franchisee with a proven track record, operating six other locations within Oregon. This presents a low-risk, high-reward opportunity for discerning investors. The property's strong financial performance, coupled with its favorable lease terms and prime location, makes it an attractive addition to any investment portfolio.
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
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.874
- Latitude
- 42.3481
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
