2221 NE 3rd St
Bend, OR 97701

This is an excellent opportunity to acquire a high-quality retail building in the heart of the most dynamic lifestyle markets in the USA. The location cannot be beat with great visibility and access from business highway 97/third street. The property is located between major shopping centers in the area and across the street from Wagner Mall in the center of town. The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse. The tenants list also includes Eagle Mountain Church which occupies the entire downstairs and brings a large volume of potential customers to the property each week. The property enjoys strong demographics with a population of 95,654 within 5 miles with an average household income of $84,937 and a 3% unemployment rate. There is a total population of 228,959 in the local trade area with an average household income of $78,558. Bend is one of the fastest growing cities in the United States and offers a strong and growing customer base. It has been rated as the best performing small city in the US by the Milken Institute for three years in a row. Bend also has been rated the best small city for business and career by Forbes Magazine. This is an opportunity to buy a very high quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available. The building value is based on current rental rates and net income. With rents for the entire building averaging just $0.68 per square foot this gives a buyer tremendous upside potential in value by bringing rents closer to market rates. Full package including financial information available with signed non-disclosure agreement. See listing brokers for details.