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Black Bear Diner 237 SW 4th St 3,918 SF Retail Building Madras, OR 97741 $3,389,698 CAD ($865.16 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Lease structured as Absolute NNN — tenant is responsible for all costs including roof, structure, and parking lot
- 10% base rent escalations every 5 years, providing investors with built-in inflation protection and growing NOI / overall return
- Black Bear Diner ranked among the top 113 restaurant chains nationally by Nation’s Restaurant News (2025)
- Base lease term runs through May 31, 2035, with two (2) additional 5-year options extending potential tenancy through May, 2045
- Percentage rent clause: Historically has provided additional income offering additional upside tied to tenant performance
- Ranked #4 in customer satisfaction in the mid-scale dining segment by Nation’s Restaurant News America’s Favorite Chains survey
Executive Summary
Tim Campbell
License # 950100171, 790100087 (OR)
Campbell Commercial Real Estate
701 High Street, #300, Eugene, OR 97401
(866) 889-0550
License # 950100171, 790100087 (OR)
Campbell Commercial Real Estate
701 High Street, #300, Eugene, OR 97401
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,918 SF
Building Class
C
Year Built
1978
Price
$3,389,698 CAD
Price Per SF
$865.16 CAD
Cap Rate
6.65%
NOI
$225,297 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.36 AC
Zoning
C2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Fondée à Mt. Shasta, en Californie, en 1995, Black Bear Diner est un endroit où chacun peut profiter de la bonne nourriture et de bons moments dans un endroit qui se sent comme à la maison. Le Black Bear Diner sert de copieux plats réconfortants faits maison dans l'atmosphère accueillante d'un chalet de montagne. Et ils se sont fait tellement d'amis en cours de route que la franchise est passée à 127 emplacements dans 13 États et a toujours été classée comme l'une des marques à la croissance la plus intelligente de l'industrie de la restauration.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 111311-AA-08000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $634,358 CAD |
Property Taxes
Parcel Number
111311-AA-08000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$634,358 CAD
Contacts
-
Maxwell Aunger -
Chad Kurz -
Kevin Puder -
Matthews Real Estate Investment Services
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Black Bear Diner | 237 SW 4th St
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