Property profile

403 Hood Ave Sisters, OR 97759

OFF-MARKET
Turn key restaurants
Property ID
US71-1340107
1,216 SF 0.1 ac lot Built 1930
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional sale/leaseback opportunity presents a 1,216 square foot restaurant in Sisters, Oregon. Located at 403 E Hood Ave, this Class B property boasts 100% occupancy with a long-term lease in place, providing immediate cash flow. The single-tenant building sits on a 4,356 square foot lot, zoned DC (Downtown Commercial), offering significant potential for future development or expansion. The two-story structure includes an upstairs unit, presenting an additional income stream. The established restaurant tenant benefits from Sisters' thriving tourism economy, fueled by its proximity to Highway 20 and renowned outdoor recreational opportunities. The asking price is $965,000, with a triple-net (NNN) lease structure. The lease term will be finalized before closing. This is a rare chance to acquire a well-positioned, income-generating asset in a desirable location with considerable upside potential. The property's APN is 134690. This turnkey investment is ideal for those seeking a stable, cash-flowing property in a vibrant Oregon community. The property's Deschutes County location offers easy access to the natural beauty and outdoor activities that draw visitors to the area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Total area 1,216 SF
Lot 0.1 ac (4,356 SF)
APN 151009 BA 03300
UPID US71-1340107

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

403 Hood Ave Sisters, OR 97759-1130
Sisters metro Census 502 BEND, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2021
Last sale
$387,200
4 recorded transactions
2021
$387,200
2005
$275,000
2004
$245,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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