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Retail NNN Leased Investment 7535 Falcon Crest Dr 10,242 SF 100% Leased Retail Building Redmond, OR 97756 $2,900,000 ($283.15/SF) 5.95% Cap Rate
Investment Highlights
- NNN property fully leased to three established tenants: Niblick and Greene’s, Silverleaf Café and Silverleaf Market
- Large patio area for dining overlooking a stunning water feature
- 2,500 full-time residents plus 102,000 annual room-nights drive steady, year-round customer traffic
- Heated walkways
- Located in Eagle Crest Resort with over 1,900 residences and a 100-room hotel
- Resort amenities include three golf courses, sport centers, a day spa, trails, and more
Executive Summary
Offered at a 5.95% cap rate, this fully leased NNN investment property is located in the heart of Eagle Crest Resort’s Village Center. The ±10,242 SF building is leased to three established tenants—Niblick & Greene’s, Silverleaf Café, and Silverleaf Market—serving both year-round residents and resort guests. Built in 2004 and situated on ±0.39 acres, the property features a large heated patio overlooking a water feature, heated walkways, and abundant on-site parking.
The site benefits from consistent, year-round traffic generated by over 1,900 residences, a 100-room hotel, and resort amenities including three golf courses, three sports centers, a day spa, and extensive trail networks. As the resort’s core food, beverage, and convenience destination, this property offers a unique opportunity for investors seeking stability and long-term value within one of Central Oregon’s most active destination communities.
The site benefits from consistent, year-round traffic generated by over 1,900 residences, a 100-room hotel, and resort amenities including three golf courses, three sports centers, a day spa, and extensive trail networks. As the resort’s core food, beverage, and convenience destination, this property offers a unique opportunity for investors seeking stability and long-term value within one of Central Oregon’s most active destination communities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,242 SF
Building Class
B
Year Built
2003
Price
$2,900,000
Price Per SF
$283.15
Cap Rate
5.95%
NOI
$172,550
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.39 AC
Zoning
DR - Destination Resort
Parking
43 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
190’ on Falcon Crest
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,316,990 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,316,990
Contacts
-
Dan Kemp -
Terry ONeil -
Emilio Tiscareno -
Compass Commercial Real Estate Services
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Retail NNN Leased Investment | 7535 Falcon Crest Dr
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