For Sale
$2,615,000

1530 Campbell St Baker City, OR 97814

New 20-year Taco Bell, strong returns.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a brand-new, 2,400-square-foot Taco Bell restaurant in Baker City, Oregon, built in 2023. The property sits on a 0.36-acre lot and operates under a 20-year absolute NNN ground lease with a reputable franchisee (operating 250+ units) guaranteeing consistent income. The lease features built-in rent increases of 10% every five years, providing inflation protection and significant NOI growth. The property boasts a 6.00% cap rate and a current NOI of $156,912, with an asking price of $2,615,000 ($1,089.58/sq ft). Strategically located on Campbell Street, this drive-thru equipped restaurant benefits from high visibility and traffic counts, situated adjacent to Interstate 84 (12,700 vehicles per day) and State Highway 7 (11,900 vehicles per day). The property's prime location is further enhanced by its proximity to Baker High School and Baker Middle School, as well as a thriving retail corridor including Albertsons, Safeway, Rite Aid, McDonald's, Pizza Hut, and a Best Western Inn. The strong tenant synergy and robust demographics (over 10,800 residents and 4,800 employees within the 5-mile trade area, with an average household income of $75,386) contribute to the property's exceptional investment potential. The property is zoned General Commercial (C-G) and has APN 09S4016BC 102. This is a truly passive investment opportunity with zero landlord responsibilities.

Highlights

  • Brand new 20-year lease with franchisee guarantee and scheduled rent increases.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities.
  • High-traffic location on Interstate 84 (12,700 vehicles per day), featuring a drive-thru.
  • Excellent demographics within a 5-mile radius.

Property Details for 1530 Campbell St

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Year Built
2023
Lot Size (sq. ft)
15,682 SF

Location Insight

City
Baker City
County
Baker
State
Oregon
Latitude
44.7821584
Longitude
-117.8229849
1530 Campbell St, Baker City, Oregon

FAQs

What type of property is this?
Retail property - New 20-year Taco Bell, strong returns.
Where is the retail property located?
The property is located at 1530 Campbell St Baker City, OR.
What is the asking price?
The asking price for this property is $2,615,000.
What are key features of this property?
This property features: Brand new 20-year lease with franchisee guarantee and scheduled rent increases.; Absolute NNN lease; fee simple ownership; no landlord responsibilities.; High-traffic location on Interstate 84 (12,700 vehicles per day), featuring a drive-thru.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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1530 Campbell St
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