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Vacant-User

Prime Time Restaurant & Sports Bar

4450 Pacific Ave, Forest Grove, OR 97116

Listing Price: $2,925,000

Cap Rate
1.00%
Gross SF
8,860
Rentable SF
8,860
Price/Gross SF
$330.14
Lot Size
2.94 acres
Year Built
2014

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Prime Time Restaurant, a rare opportunity to acquire an established, high-volume restaurant together with the underlying fee simple real estate and all associated trade fixtures and equipment in Forest Grove, Oregon. The offering features a long-standing restaurant generating revenue from multiple complementary income streams, including restaurant operations, banquet events, lottery sales, ATM income, and other ancillary revenue sources, providing a diversified operating platform for future ownership. Situated on approximately 2.94 acres along Pacific Avenue (21,200+ VPD), the Property includes an 8,860-square-foot restaurant with multiple levels, flexible floor plans, approximately 580 feet of frontage, two dedicated ingress and egress points, and 120 on-site parking spaces. Located within one of Forest Grove's premier retail corridors and surrounded by numerous national retailers, the Property benefits from exceptional visibility, strong consumer traffic, and an established customer base, further reinforced by more than 2,360 Google reviews—the highest review count of any restaurant in the city. Beyond the existing business, the Community Commercial zoning provides significant long-term redevelopment potential, permitting a wide variety of commercial, mixed-use, and residential uses, including the potential for approximately 88 residential units. The offering also includes more than $300,000 of furniture, fixtures, equipment, and trade fixtures, while seller financing may be available for qualified purchasers, creating an exceptional owner/user or value-add investment opportunity.

Investment Highlights

  • HIGH-VOLUME, ESTABLISHED OPERATING BUSINESS
  • OWNER/USER OR VALUE-ADD INVESTMENT OPPORTUNITY
  • BUSINESS, REAL ESTATE & TRADE FIXTURES INCLUDED
  • PREMIER RESTAURANT DESTINATION
  • ATTRACTIVE SELLER FINANCING AVAILABLE
  • PRIME RETAIL CORRIDOR SURROUNDED BY NATIONAL TENANTS
  • EXCEPTIONAL VISIBILITY AND ACCESSIBILITY
  • EXPANSIVE 2.94-ACRE SITE WITH ABUNDANT PARKING

Exclusively Listed By

Broker of Record

  • David Tabata

    Managing Director, Market Leader - Oregon

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Vacant-User

Prime Time Restaurant & Sports Bar

Listing Price: $2,925,000

Cap Rate
1.00%
Gross SF
8,860
Rentable SF
8,860
Price/Gross SF
$330.14
Lot Size
2.94 acres
Year Built
2014

Investment Highlights

  • HIGH-VOLUME, ESTABLISHED OPERATING BUSINESS
  • OWNER/USER OR VALUE-ADD INVESTMENT OPPORTUNITY
  • BUSINESS, REAL ESTATE & TRADE FIXTURES INCLUDED
  • PREMIER RESTAURANT DESTINATION
  • ATTRACTIVE SELLER FINANCING AVAILABLE
  • PRIME RETAIL CORRIDOR SURROUNDED BY NATIONAL TENANTS
  • EXCEPTIONAL VISIBILITY AND ACCESSIBILITY
  • EXPANSIVE 2.94-ACRE SITE WITH ABUNDANT PARKING

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Prime Time Restaurant, a rare opportunity to acquire an established, high-volume restaurant together with the underlying fee simple real estate and all associated trade fixtures and equipment in Forest Grove, Oregon. The offering features a long-standing restaurant generating revenue from multiple complementary income streams, including restaurant operations, banquet events, lottery sales, ATM income, and other ancillary revenue sources, providing a diversified operating platform for future ownership. Situated on approximately 2.94 acres along Pacific Avenue (21,200+ VPD), the Property includes an 8,860-square-foot restaurant with multiple levels, flexible floor plans, approximately 580 feet of frontage, two dedicated ingress and egress points, and 120 on-site parking spaces. Located within one of Forest Grove's premier retail corridors and surrounded by numerous national retailers, the Property benefits from exceptional visibility, strong consumer traffic, and an established customer base, further reinforced by more than 2,360 Google reviews—the highest review count of any restaurant in the city. Beyond the existing business, the Community Commercial zoning provides significant long-term redevelopment potential, permitting a wide variety of commercial, mixed-use, and residential uses, including the potential for approximately 88 residential units. The offering also includes more than $300,000 of furniture, fixtures, equipment, and trade fixtures, while seller financing may be available for qualified purchasers, creating an exceptional owner/user or value-add investment opportunity.

Exclusively Listed By

Broker of Record

  • David Tabata

    Managing Director, Market Leader - Oregon

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

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