Log In/Sign Up
Your email has been sent.
NNN Investment 7.15% CAP Rate 121 NE 3rd St 5,800 SF 100% Leased Retail Building Prineville, OR 97754 $1,828,655 CAD ($315.29 CAD/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable NNN income-producing investment
- Attractive 7.15% CAP Rate
- Fully outfitted commercial kitchen
- Brand-new 5-year lease commencing August 2025, with one 5-year renewal, option at market rate
- 3% annual rent increases for built-in income growth
- Additional amenities include 6 lottery machines and a full-service bar
EXECUTIVE SUMMARY
Prime NNN Investment in the Heart of Downtown Prineville! Offered at $1,310,000, this 5,800 SF fully leased property presents a rare opportunity to own a stable NNN investment in Prineville’s vibrant downtown core. Situated on 0.33 acres with coveted C1 – Central Commercial zoning, the building combines versatility with prime visibility. Originally built in 1971 and tastefully remodeled in 1991, it stands as a proven income-producing asset in one of Central Oregon’s fastest-growing communities. ABOUT THE TENANT: Crossroads BBQ Pit & Pub has been a cornerstone of downtown Prineville’s dining scene for over a decade, proudly serving breakfast, lunch, and dinner to both locals and visitors. Opening its doors on October 13, 2015, Crossroads quickly became known for its mouthwatering BBQ, welcoming atmosphere, and authentic small-town charm. Ideally located in the heart of the city—adjacent to the newly renovated High Desert Inn and offering convenient on-site parking—this established restaurant consistently draws steady traffic from tourists and loyal regulars alike. In a market known for high restaurant turnover, Crossroads has demonstrated lasting success, making it a proven and resilient business presence in the community. Whether you're seeking a growing consumer base, rising economic momentum, or a solid long term outlook, Prineville offers a compelling destination for commercial investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,800 SF
Building Class
C
Year Built
1991
Price
$1,828,655 CAD
Price Per SF
$315.29 CAD
Cap Rate
7.15%
NOI
$130,749 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.40
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C1 - Central Commercial
Parking
20 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Crossroads BBQ Pit & Pub
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Crossroads BBQ Pit & Pub | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 015041 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $981,693 CAD |
PROPERTY TAXES
Parcel Number
015041
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$981,693 CAD
1 of 37
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
NNN Investment 7.15% CAP Rate | 121 NE 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.