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Reed South 21185 Reed Market Rd
861 - 13,639 SF of Space Available in Bend, OR 97702
Highlights
- Anchored by Cascade Lakes Brewery, a gas station and a convenience store
- Located near the future mixed-use development, Stevens Ranch
- Class A architecture and construction
- Excellent exposure on SW Corner of the Intersection of Reed Market Road and SE 27th Street
- Traffic counts exceeding 9,100 on Reed Market Road and 8,680 on 27th Street
- Excellent commercial opportunity in an underserved market
Space Availability (5)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Bldg A Inline | 1,200-3,349 SF | 14’ - 20’ | 5-20 Years | $33.00 /SF/YR $2.75 /SF/MO $355.21 /m²/YR $29.60 /m²/MO $9,210 /MO $110,517 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Bldg B End Cap | 2,719 SF | - | 5-20 Years | $36.00 /SF/YR $3.00 /SF/MO $387.50 /m²/YR $32.29 /m²/MO $8,157 /MO $97,884 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Bldg. B End Caps | 861-4,142 SF | 14’ - 16’ | 5-20 Years | $36.00 /SF/YR $3.00 /SF/MO $387.50 /m²/YR $32.29 /m²/MO $12,426 /MO $149,112 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Retail End Cap | 1,516 SF | - | 5-20 Years | $36.00 /SF/YR $3.00 /SF/MO $387.50 /m²/YR $32.29 /m²/MO $4,548 /MO $54,576 /YR | Triple Net (NNN) | |
| 2nd Floor, Ste Bldg B 2nd Floor | 1,913 SF | - | 5-20 Years | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $4,783 /MO $57,390 /YR | Triple Net (NNN) |
1st Floor, Ste Bldg A Inline
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 14’ - 20’
1st Floor, Ste Bldg B End Cap
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor, Ste Bldg. B End Caps
1,913 SF 2nd story office space available above the western end cap of Building B. Lease rate includes a $40/sf TI allowance
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Finished Ceilings: 14’ - 16’
1st Floor, Ste Retail End Cap
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 13 People
- Space is in Excellent Condition
2nd Floor, Ste Bldg B 2nd Floor
- Lease rate does not include utilities, property expenses or building services
- Fits 5 - 16 People
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT Reed South
- Tenant
- Description
- US Locations
- Reach
- Axel's Taco Shop
- Accommodation and Food Services
- 1
- -
- Bacio Bake Shop
- Accommodation and Food Services
- -
- -
- Breathe Deep Dental
- Health Care and Social Assistance
- -
- -
- Cascade Lakes Brewery
- Accommodation and Food Services
- -
- -
- The Great Greek
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Axel's Taco Shop | Accommodation and Food Services | 1 | - |
| Bacio Bake Shop | Accommodation and Food Services | - | - |
| Breathe Deep Dental | Health Care and Social Assistance | - | - |
| Cascade Lakes Brewery | Accommodation and Food Services | - | - |
| The Great Greek | Accommodation and Food Services | - | - |
PROPERTY FACTS FOR 21185 Reed Market Rd , Bend, OR 97702
| Min. Divisible | 861 SF | Gross Leasable Area | 30,223 SF |
| Property Type | Retail | Year Built | 2022 |
| Property Subtype | Restaurant | Parking Ratio | 4.33/1,000 SF |
| Min. Divisible | 861 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 30,223 SF |
| Year Built | 2022 |
| Parking Ratio | 4.33/1,000 SF |
About the Property
Reed South offers an excellent and rare opportunity for a wide spectrum of restaurants, retailers, medical, service retail and office users. Strategically located at the corner of Reed Market and 27th and boasting the second location for Cascade Lakes Brewery, Reed South will provide an exceptional location for tenant's to capitalize on an under-served market in Bend! Shell construction of the retail buildings is complete, and leases have already been signed with The Greek and Breathe Deep Dental. This development is also anchored by a gas station and convenience store and is comprised of 5 separate buildings.
Contacts
-
Russell Huntamer -
Bruce Churchill -
Eli Harrison -
Compass Commercial Real Estate Services
Presented by
Reed South | 21185 Reed Market Rd
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