Brian Brockman 5133000763

Burger King 121 Ponderosa Dr 3,192 SF Retail Building Sutherlin, OR 97479 $1,846,470 ($578.47/SF) 5.75% Cap Rate

INVESTMENT HIGHLIGHTS

Long Term, 20-Year Lease that Commenced in June 2021 – Over 17 Years Remaining
Attractive Rental Increases of 1.50% Annually Beginning in Year 7

Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities

EXECUTIVE SUMMARY

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 121 Ponderosa Drive, Sutherlin, OR. The site consists of roughly 3,192 rentable square feet of building space on estimated 0.83 acres of land. This Burger King is subject to a 20-year absolute triple net (NNN) lease which commenced June 1st, 2021, and has over 17 years remaining. The base rent is $106,172 and will increase by 1.50% percent annually starting in year seven and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,192 SF

Building Class

Year Built

1998

Price

$1,846,470

Price Per SF

$578.47

Cap Rate

5.75%

NOI

$106,172

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

0.83 AC

Zoning

Frontage

142’ on Ponderosa Dr

Freeway Visibility
Pylon Sign

Signage
Drive Thru

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
W Central Ave	I- 5, W	11,106	2025	0.07 mi
W Central Ave	Myrtle St, E	11,259	2025	0.07 mi
OR 138	W Central Ave, N	2,848	2020	0.09 mi
Park Hill Ln	Hutchins St, S	2,028	2023	0.10 mi
I- 5	W Central Ave, N	1,710	2023	0.10 mi
W Central Ave	I- 5, SW	1,314	2023	0.11 mi
W Central Ave	Park Hill Ln, W	9,453	2020	0.11 mi
W Central Ave	PkHill Ln, W	9,934	2024	0.11 mi
Park Hill Ln	W Central Ave, N	7,855	2024	0.12 mi
Park Hill Lane	W Central Ave, N	7,614	2025	0.12 mi