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Tumalo Junction 64670 Strickler Ave 8,526 SF 100% Leased Retail Building Bend, OR 97703 $2,097,000 ($245.95/SF) 6% Cap Rate
Investment Highlights
- Established neighborhood hub with a dynamic tenant mix
- Proximity to recreation and tourism drivers
- Top-ranked dining destination
- Investor-friendly income profile
- Recent capital improvements
Executive Summary
This well-located multi-tenant center offers a strong, diversified tenant mix of local and regional businesses spanning professional services, retail, and food-and-beverage uses.
Current tenants include a poker club, bookkeeping firm, physical therapy practice, a popular bar featuring Oregon Lottery and an award-winning wood-fired pizza restaurant consistently ranked as one of the top ten restaurants in Bend (currently ranked #4), driving consistent daily traffic and cross-patronage.
The property benefits from excellent access and exposure along Hwy 20, which carries 13,000+ vehicles per day, positioning the center as a convenient and well-established commercial hub. Professionally managed. Contact Listing Broker for NDA to review APOD.
Current tenants include a poker club, bookkeeping firm, physical therapy practice, a popular bar featuring Oregon Lottery and an award-winning wood-fired pizza restaurant consistently ranked as one of the top ten restaurants in Bend (currently ranked #4), driving consistent daily traffic and cross-patronage.
The property benefits from excellent access and exposure along Hwy 20, which carries 13,000+ vehicles per day, positioning the center as a convenient and well-established commercial hub. Professionally managed. Contact Listing Broker for NDA to review APOD.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,526 SF
Building Class
B
Year Built
2000
Price
$2,097,000
Price Per SF
$245.95
Cap Rate
6%
NOI
$125,820
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.06 AC
Zoning
TUC - Tumalo Commercial District
Parking
36 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
412’ on Highway 20
Property Taxes
| Parcel Number | 196604 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $881,730 |
Property Taxes
Parcel Number
196604
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$881,730
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Tumalo Junction | 64670 Strickler Ave
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