121 Ponderosa DrSutherlin, OR 97479

Property Details for 121 Ponderosa Dr

Year built

1998

Lot size

0.83 AC

Property size (Sq ft)

2,934 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

25-05W-19AB-08600

APU

2505W19AB08600

Description

This exceptional investment opportunity presents a 3,192 square foot Burger King located at 121 Ponderosa Dr, Sutherlin, OR 97479, situated on a 0.83-acre lot. The property boasts a strong, long-term net lease with Burger King, a well-established tenant operating at this location for over 20 years. The current lease, an absolute triple-net (NNN) agreement, commenced June 1st, 2021, and has a remaining term of 16.6 years, extending to June 30th, 2041. The lease includes four, five-year tenant renewal options, potentially extending the lease term to 40 years. The current annual net operating income (NOI) is $106,172, representing a 5.75% cap rate on the asking price of $1,846,470 ($578.47 per square foot). Annual rent increases of 1.5% are built into the lease, commencing in year seven, providing consistent growth potential. The property, built in 1998, presents a low-maintenance, passive income stream with minimal landlord responsibilities due to the NNN lease structure. This is an ideal investment for those seeking a stable, high-yield, long-term commercial property with a nationally recognized tenant. The property's location in Sutherlin, Oregon, within Douglas County, offers convenient access to local amenities and a strong regional market.

• CAP approach

  CAP return

  Valuation

  6%

  $849,407

  6.5%

  $784,068

  7%

  $728,063

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,894,483

  Geo Method

  $1,894,483

• Alternative Use

  Use

  Valuation

  Residential

  $661,391

  Hospitality

  $605,830

  Educational

  $504,044

  Medical

  $521,378

  Retail

  $784,068

Location Insight

City

Sutherlin

County

Douglas

State

Oregon

Latitude

43.3857

Longitude

-123.336

CBSA code

40700

CBSA name

ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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