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    FOR SALE
    Turn key restaurants

    2000 Biddle Rd, Medford, OR 97504

    5,913 SF 0.99 ac lot
    Entity Owned 23-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-1847865
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Total area 5,913 SF
    Lot 0.99 ac (43,124 SF)
    Zoning code C-R
    APN 1-0600221
    UPID US71-1847865
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Elmer's Restaurant (North Medford, OR) Restaurant
    • Cardtronics ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Linger Longer Properties LLC · 23 yrs held
    Linger Longer Properties LLC
    since 2003
    5 recorded transactions
    2003
    2003
    $24,800
    1994
    1989
    $200,000
    1969
    Zoning & alternative use
    C-R · Medford, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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