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Applebee's & IHOP Dual Brand Restaurant 2750 Campus Dr 6,315 SF Retail Building Klamath Falls, OR 97601 $3,833,000 ($606.97/SF) 6% Cap Rate
Investment Highlights
- Applebee’s + IHOP Dual Brand Location
- College Campus Location Next to Large General Hospital
- Hands Off Ownership with Annual Increases that Protect Long-Term Value
Executive Summary
This Applebee’s + IHOP dual-brand restaurant is secured by a 20-year absolute NNN lease. Located on Campus Drive, the subject property is adjacent to Oregon Tech and minutes from Sky Lakes Medical Center, anchoring it to two of the area’s strongest demand drivers. Recently remodeled and backed by an experienced multi-unit Dine Brands franchisee, the property offers a rare combination of hands-off ownership, daily traffic, and long-term stability in Southern Oregon.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,315 SF
Year Built/Renovated
2023/2025
Price
$3,833,000
Price Per SF
$606.97
Cap Rate
6%
NOI
$229,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.61 AC
Zoning
PUD
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,635,760 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,635,760
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Applebee's & IHOP Dual Brand Restaurant | 2750 Campus Dr
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