515 Bellevue Dr Bend, OR 97701-9591
This exceptional investment opportunity presents a 1,520-square-foot commercial building currently leased to Subway Sandwiches. Situated on a highly visible 0.32-acre lot just off Highway 20 East in Bend, Oregon, this property boasts a convenient drive-thru. The existing lease with a credit-worthy tenant provides a stable and predictable income stream. The building's prime location ensures consistent foot traffic and excellent brand visibility, making it an attractive investment for discerning buyers. The property's strong tenant history and strategic placement offer a compelling return on investment. The 1,520 square feet of space is well-maintained and suitable for continued operation as a fast-food establishment or potential redevelopment, subject to local zoning regulations. The 0.32-acre lot provides ample space for parking and potential future expansion. This turnkey investment offers a rare opportunity to acquire a well-established commercial property in a thriving Bend, Oregon location with a long-term lease in place. The property's high visibility and convenient access to Highway 20 East make it an ideal location for a variety of commercial uses. This is a fantastic opportunity to acquire a stable, income-producing asset in a desirable market. The asking price is $1,100,000. Further details regarding the lease terms and financial performance are available upon request.
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Subway Take-out & Catering
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.