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48005 Hwy 58

1,650 SF Retail Building Oakridge, OR 97463 $502,758 CAD ($305 CAD/SF) 7.37% Cap Rate

Executive Summary

This property sits on the East end of Oakridge, Or. on Hwy 58. This is the one of three main highways thru the cascades. In fact it is the preferred route in the winter. Gateway to Snow sking, biking and hiking in the Cascades. Essentialy its the first stop on the way down the mountain to the Willamette Valley. However it at 1500 right below the snow line.
The property has 5 year modified lease with one extension. The lease payment increases from 2000 to 2250 on 1/2025. Using that rate the property preforms to 6.75 Cap rate. Please ask to see the full lease for the particular. Oakridge where you are out of the cold of Central Oregon but above the rain in the Willamette Valley.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,650 SF
Building Class
C
Year Built
1990
Price
$502,758 CAD
Price Per SF
$305 CAD
Cap Rate
7.37%
NOI
$37,053 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.19 AC
Parking
11 Spaces (6.29 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility

Nearby Major Retailers

Ray's Food Place
Banner Bank
Umpqua Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0955219
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$107,153 CAD
  • Listing ID: 33193963

  • Date on Market: 2024-09-16

  • Last Updated:

  • Address: 48005 Hwy 58, Oakridge, OR 97463

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