3807 21st St, Redmond, OR 97756-7771
This exceptional investment opportunity presents a thriving Applebee's restaurant located in Redmond, Oregon. Situated on a 1.07-acre lot at 3807 SW 21st St, 97756, this single-tenant property boasts a substantial 5,120 square feet of well-maintained space. The asking price is $2,000,000. The property's prime location within Deschutes County offers excellent visibility and accessibility, ensuring consistent customer traffic. The existing Applebee's franchise represents a stable and established business, providing a strong foundation for future growth and profitability. This turnkey operation presents a rare chance to acquire a successful restaurant in a desirable market. The property's size and location make it an attractive investment for experienced restaurant operators or those seeking a proven, income-generating asset. Detailed financial information and operational data are available upon request. This is a unique opportunity to acquire a well-established restaurant in a thriving Oregon community. The property is zoned for restaurant use and offers ample parking for customers and staff. The building is in good condition and ready for immediate occupancy. This is a compelling investment opportunity with significant potential for return.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.