This is for the building and land only. The leaser has been at this location for over 20 years and has just renewed the lease for another 5 years. The cap rate is 51/2 for 2021. This location is next to the Best Western Inn and is a great location. This is a great place to invest in if you are looking in the Eastern Oregon area. **Financial are available upon request YEAR BUILT: 1997 SQ. FT.: 4,848 LOT SIZE: .81 LEASE RATE: 7% of total gross sales LEASE TERMS: Lease just renewed for 5 years (June 1, 2022 to June 1, 2027) ANNUAL NOI: $53,000
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Price Changed | $895,000 -6.77% | $∞ | Jett Blackburn Real Estate Inc. | |
Listed For Sale | $960,000 | $∞ | Jett Blackburn Real Estate Inc. |