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Commercial/Retail Build-to-Suit Opportunity 127 NE Underwood Ave 15,000 SF of Retail Space Available in Bend, OR 97701
Highlights
- Infill location less than 1 mile from Downtown Bend
- More than 220 feet of retail frontage along busy NE Division Street
- Located in the Opportunity Zone (OZ)
- Excellent access to the Bend Parkway and Hwy 97 with traffic counts exceeding 51,900 AADT
- Close proximity to the Bend Central District (BCD) without the restrictive zoning requirements
- Automotive uses outright permitted
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 15,000 SF | 3-20 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This 0.72-acre commercial site offers a build-to-suit opportunity with the ability to accommodate a building up to approximately 15,000 SF. Zoned Commercial Limited (CL), the property supports a wide range of permitted uses including retail, restaurants, automotive, offices and clinics, fitness, day care, storage, and mixed use/residential development. The infill location is less than one mile from Downtown Bend and offers outstanding visibility with more than 220 feet of frontage along NE Division Street. The site also benefits from excellent access to the Bend Parkway and Highway 97, is located within an Opportunity Zone, and automotive uses are permitted outright.
- Build-to-suit up to 15,000 SF
- 0.72 AC commercial site
- Commercial Limited (CL) zoning
- 220+ ft. Division St frontage
- Automotive uses permitted
- Opportunity Zone location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 15,000 SF | Gross Leasable Area | 15,000 SF |
| Property Type | Retail | Construction Status | Proposed |
| Total Space Available | 15,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 15,000 SF |
| Construction Status | Proposed |
About the Property
Position your business at one of Bend's premier infill development opportunities. Located less than one mile from Downtown Bend, this build-to-suit site combines exceptional visibility, convenient regional access, and flexible Commercial Limited zoning that accommodates a broad range of commercial uses. With more than 220 feet of frontage along busy NE Division Street, immediate access to the Bend Parkway and Highway 97, and Opportunity Zone designation, the property is well suited for retail, automotive, office, medical, fitness, day care, storage, and mixed-use development.
Nearby Major Retailers
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Commercial/Retail Build-to-Suit Opportunity | 127 NE Underwood Ave
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