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20-24 NW Greenwood Ave
Bend, OR 97703
Asking Price
$3.75M
Cap Rate
5.75%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Iconic Downtown Bend Asset with Stable Income and Future Upside <ul><li>A 25-year operating history under a NNN lease structure provided a stable, predictable cash flow.</li><li>$3,750,000 asking price delivers a 5.75% in-place cap rate, with embedded upside as the tenant's footprint evolves.</li><li>Situated at NW Greenwood and NW Kearney, steps from downtown's retail and dining core, Drake Park and the Deschutes River</li><li>Two buildings constructed in 1940, 1950, and expanded in 1970, offering authentic, irreplaceable downtown character.</li><li>27
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NOI
$80,000
Cap Rate
2.13%
DSCR
0.36
Underwater
Cash-on-Cash
-12.68%
Monthly Payment
$18,552.954
Annual Cash Flow
$-142,635.447
