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237 Southwest 4th Street
Madras, OR 97741
Asking Price
$2.45M
Cap Rate
6.65%
Asset Type
Retail
Class
Class B
What's Special
Absolute NNN Black Bear Diner at Major Highway Intersection <p>• Lease structured as Absolute NNN — tenant is responsible for all costs including roof, structure, and parking lot.</p><p>• Base lease term runs through May 31, 2035, with two (2) additional 5-year options extending potential tenancy through May, 2045</p><p>• 10% base rent escalations every 5 years, providing investors with built-in inflation protection and growing NOI / overall return.</p><p>• Percentage rent clause: Historically has provided additional income offering additional upside tie
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NOI
$80,000
Cap Rate
3.27%
DSCR
0.55
Underwater
Cash-on-Cash
-8.91%
Monthly Payment
$12,121.263
Annual Cash Flow
$-65,455.159