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48005 Hwy 58

1,650 SF Retail Building Oakridge, OR 97463 $350,000 ($212/SF) 7.37% Cap Rate

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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.