121 Ponderosa Dr, Sutherlin, OR 97479-9812

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.