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Burger King 1611 18th St

2,932 SF Retail Building Springfield, OR 97477 $2,124,035 ($724/SF) 5.75% Cap Rate

Retail Space Oregon Springfield 1611 18th St, Springfield, OR 97477

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 1611 18th Street, Springfield, OR. The site consists of roughly 2,932 rentable square feet of building space on an estimated 1.00 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 $122,132 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
2,932 SF
Year Built
1976
Price
$2,124,035
Price Per SF
$724
Cap Rate
5.75%
NOI
$122,132
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.57 AC
Parking
6 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
117 FT on 18th Street
1 of 1
1611 18th St, Springfield, OR - aerial map view
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Cross Fit Intensify
Umpqua Bank
KeyBank
U.S. Bank
Starbucks
Winco Foods
MOD Pizza
Dutch Bros. Coffee
Anytime Fitness
Albertsons

PROPERTY TAXES

Parcel Number 0212033 Improvements Assessment $0
Land Assessment $0 Total Assessment $5,248,128

PROPERTY TAXES

Parcel Number
0212033
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,248,128
(332) 345-4222

  • Listing ID: 30369423

  • Date on Market: 12/14/2023

  • Last Updated:

  • Address: 1611 18th St, Springfield, OR 97477

More public record information on 1611 18th St, Springfield, OR 97477

The Retail Property at 1611 18th St, Springfield, OR 97477 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1611 18th St, Springfield, OR for sale Primary Photo- Image 1 of 3
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1611 18th St, Springfield, OR for sale Aerial- Image 2 of 3
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Burger King | 1611 18th St
(332) 345-4222 x

Burger King | 1611 18th St

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(332) 345-4217

(332) 345-4217

Amelia Haydock

(332) 345-2408

(332) 345-2408

Robert Stein

(332) 345-2408

(332) 345-2408

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