Restaurant
Burger King | Outside Portland | 6% CAP | Pad to Lowe's | 20 Year Abs. Net Lease | 2024 Construction
1180 SW Booth Bend Rd, McMinnville (Outside Portland), OR 97128
Listing Price: $2,999,867
Investment Overview
McMinnville is a city located in the heart of Oregon’s world renowned wine country. It is located within close proximity to some of Oregon’s largest cities, Portland and Salem, offering residents a convenient commute to the largest employment centers in the state. Its location in-between Portland and the Oregon Coast, as well as in Oregon’s wine country, has made it an attractive destination for residents and visitors alike that appreciate the laid back style of a small town with great amenities. The City is at the confluence of the North and South forks of the Yamhill River in the Willamette Valley. The city’s economy has both industry: Cascade Steel (a Schnitzer Steel Industries company), and service businesses: Oregon Mutual Insurance Company, the Woodworth Contrarian Hedge Fund. Linfield University provides higher education, including new degrees in wine studies. Attractions include Wings and Waves Water Park, Joe Dancer Park, and Evergreen Aviation & Space Museum, the home of Howard Hughes’s famed Spruce Goose flying boat. The city identifies as a center of the well-developed wine industry in the Willamette Valley, which has hundreds of wineries and vineyards. Sunset Magazine reported on the ‘Best Small Towns to Live in the United States’ and included McMinnville for its “charming architecture”, among other factors. McMinnville has a wide-array of banking, credit unions, and options for investments. Founded in 1922, First Federal Savings and Loan Association Headquarters in McMinnville was ranked in 2021 by Newsweek Magazine as one of the best small banks in the United States. The city has brick-and-mortar locations for many of the largest national banks in the United States including Wells Fargo, JP Morgan Chase, KeyBank, US Bank, and Bank of America.
Investment Highlights
- 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
- Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility at a Signalized Hard Corner with Daily Combined Traffic Counts Exceeding 16k Vehicles.
- This Franchisee is often Regarded as One of the Best Operators within the BKC System and has been Chosen to give talks at their National and Regional Conferences on Operational Success.
- Mcminnville's Quality of Life Continues to Allure Well Established Residents (Avg. Annual Household Incomes Exceed $89k and are Rising at a Pace of Nearly 20% Every 5 Years), as Demonstrated by Outstanding Rental Occupancy Rates and Increasing Home Values.
- Walking Distance from Linfield University - a Private Liberal Arts College consisting of a College of Arts & Science, School of Nursing and School of Business, with a Total Enrollment of more than 1,750 Students.
- Only 37 Miles from Downtown Portland and 26 Miles from the State Capital of Salem, McMinnville Enjoys a Robust Economy Due to its Close Proximity to These Major Population and Cultural Centers.
- Minutes from McMinnville Municipal Airport - a General Aviation Facility and Airport, with more than 63,500 Aircraft Operations Annually.
- Pad to Lowe's Home Improvement and Near Numerous other National Retailers including Albertsons, Walgreens, Roth's Fresh Markets, Bi-Mart and many more.
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Restaurant
Burger King | Outside Portland | 6% CAP | Pad to Lowe's | 20 Year Abs. Net Lease | 2024 Construction
Listing Price: $2,999,867
Investment Highlights
- 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
- Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility at a Signalized Hard Corner with Daily Combined Traffic Counts Exceeding 16k Vehicles.
- This Franchisee is often Regarded as One of the Best Operators within the BKC System and has been Chosen to give talks at their National and Regional Conferences on Operational Success.
- Mcminnville's Quality of Life Continues to Allure Well Established Residents (Avg. Annual Household Incomes Exceed $89k and are Rising at a Pace of Nearly 20% Every 5 Years), as Demonstrated by Outstanding Rental Occupancy Rates and Increasing Home Values.
- Walking Distance from Linfield University - a Private Liberal Arts College consisting of a College of Arts & Science, School of Nursing and School of Business, with a Total Enrollment of more than 1,750 Students.
- Only 37 Miles from Downtown Portland and 26 Miles from the State Capital of Salem, McMinnville Enjoys a Robust Economy Due to its Close Proximity to These Major Population and Cultural Centers.
- Minutes from McMinnville Municipal Airport - a General Aviation Facility and Airport, with more than 63,500 Aircraft Operations Annually.
- Pad to Lowe's Home Improvement and Near Numerous other National Retailers including Albertsons, Walgreens, Roth's Fresh Markets, Bi-Mart and many more.
Investment Overview
McMinnville is a city located in the heart of Oregon’s world renowned wine country. It is located within close proximity to some of Oregon’s largest cities, Portland and Salem, offering residents a convenient commute to the largest employment centers in the state. Its location in-between Portland and the Oregon Coast, as well as in Oregon’s wine country, has made it an attractive destination for residents and visitors alike that appreciate the laid back style of a small town with great amenities. The City is at the confluence of the North and South forks of the Yamhill River in the Willamette Valley. The city’s economy has both industry: Cascade Steel (a Schnitzer Steel Industries company), and service businesses: Oregon Mutual Insurance Company, the Woodworth Contrarian Hedge Fund. Linfield University provides higher education, including new degrees in wine studies. Attractions include Wings and Waves Water Park, Joe Dancer Park, and Evergreen Aviation & Space Museum, the home of Howard Hughes’s famed Spruce Goose flying boat. The city identifies as a center of the well-developed wine industry in the Willamette Valley, which has hundreds of wineries and vineyards. Sunset Magazine reported on the ‘Best Small Towns to Live in the United States’ and included McMinnville for its “charming architecture”, among other factors. McMinnville has a wide-array of banking, credit unions, and options for investments. Founded in 1922, First Federal Savings and Loan Association Headquarters in McMinnville was ranked in 2021 by Newsweek Magazine as one of the best small banks in the United States. The city has brick-and-mortar locations for many of the largest national banks in the United States including Wells Fargo, JP Morgan Chase, KeyBank, US Bank, and Bank of America.