2020 Santiam Hwy Lebanon, OR 97355-3042
Property profile & analytics
2020 Santiam Hwy Lebanon, OR 97355-3042
- Drive through restaurants
- 0.52 lot acres
Property ID
US71-0914243
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jack in the Box / Restaurant / Take-out & Catering
Property Details for 2020 Santiam Hwy
- Year built
- 2011
- Lot size
- 0.52 lot acres
- Property type
- Drive through restaurants
- APN
- 12S 02W 15DA 00100
- APU
- 12S02W15DA00100
Description
This exceptional investment opportunity presents a chance to acquire a fee-simple interest in a single-tenant, 2,492 square foot Jack in the Box restaurant located in Lebanon, Oregon. The property sits on a 0.52-acre lot at 2020 S Santiam Hwy, boasting excellent visibility on Highway 20 and Airport Road, with a high daily traffic count of 31,457 vehicles. Built in 2011, this property features 27 parking spaces and benefits from a strong location on a major retail arterial, situated directly across from a Safeway and near Lebanon High School, ensuring consistent customer traffic. The property is currently operating under a corporate-guaranteed Absolute NNN lease with Jack in the Box, Inc., offering zero landlord responsibilities. The lease has over 17.5 years remaining, with built-in rent bumps of 10% every five years, the next increase scheduled for 2027. This translates to a projected yield increase of 157 basis points over the primary lease term. The asking price is $2,380,000, representing a 4.75% cap rate. The property's location, strong tenant, and lease terms make this a compelling investment opportunity with significant long-term potential. The property's parcel number is 0206041. This is a single-story building with 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Linn
- State
- Oregon
- Longitude
- -122.908
- Latitude
- 44.5265
- CBSA code
- 10540
- CBSA name
- ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,976
$0.00
$0.00
$1,431,170
-
$255,300
$1,682,440
$1,937,740
