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Investment Highlights

  • Applebee’s + IHOP Dual Brand Location
  • College Campus Location Next to Large General Hospital
  • Hands Off Ownership with Annual Increases that Protect Long-Term Value

Executive Summary

This Applebee’s + IHOP dual-brand restaurant is secured by a 20-year absolute NNN lease. Located on Campus Drive, the subject property is adjacent to Oregon Tech and minutes from Sky Lakes Medical Center, anchoring it to two of the area’s strongest demand drivers. Recently remodeled and backed by an experienced multi-unit Dine Brands franchisee, the property offers a rare combination of hands-off ownership, daily traffic, and long-term stability in Southern Oregon.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,315 SF
Year Built/Renovated
2023/2025
Price
$5,327,870 CAD
Price Per SF
$843.68 CAD
Cap Rate
6%
NOI
$319,672 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.61 AC
Zoning
PUD
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Columbia Bank
WaFd Bank
Blimpie

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R170022
  • R883547
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,242,709 CAD
  • Listing ID: 39418879

  • Date on Market: 2026-02-12

  • Last Updated:

  • Address: 2750 Campus Dr, Klamath Falls, OR 97601

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