Income Investment - Chevron and A&W

For Sale:

Great investment opportunity at 8% CAP rate. Now available is the Chevron, Food-Mart & A&W complex which includes 4,000 square foot gas station/fast food restaurant building (with approximately 1,644 SF of mezzanine space). In addition, there are three fuel islands with 12 pumps, a kiosk, and 13 paved and striped parking spaces. This is a leasehold estate until in December 2029. Businesses are also for sale.

The subject property is located on the Southeast section of Bend, Oregon, at the intersection of Dean Swift Road and NE Hwy 20. Direct access is granted to the property from curb cuts along NE Hwy 20. The property enjoys high visibility due to frontage along NE Hwy 20. The rapid population expansion in Bend, Oregon has fueled the need for residential, commercial and industrial development throughout all segments of the city; this is especially true along the primary commercial corridors of Hwy 97 and Hwy20. Surrounding businesses include: Costco, Safeway, Barnes & Noble, McDonalds, numerous car dealerships, movie theater, bowling ally, a variety of banks and more!

Property Type: Service Station/Retail
Sale Price: $895,000
CAP Rate: 8.0%
Building SQ FT: 5,664 SF
Lot Size: 0.85
Zoning: CH - Commercial Highway
Available: Jan 1, 2008

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Contact:

Ryan Oliver |  email me  | 541-312-6882