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Upstairs Bar Grill 4805 Netarts Hwy W 3,700 SF 4-Star Retail Building Tillamook, OR 97141 $2,465,478 CAD ($666.35 CAD/SF) 11.11% Cap Rate
Investment Highlights
- Landmark restaurant at the beach.
- Sale includes rental home on same property.
- High performing lottery machines.
Executive Summary
UPSTAIRS BAR AND GRILL + ADDITIONAL RENTAL HOME. Turnkey bar/restaurant on Hwy 131 in Netarts—real property included! The Upstairs Bar & Grill is a landmark business with decades of proven success, known for its loyal local following and heavy tourist traffic. Extensively remodeled and in excellent condition, the property features a full-service kitchen, six high-performing Oregon Lottery machines, and a spacious covered deck overlooking Netarts Bay. Includes adjacent 1BD/1BA rental unit for added income or on-site housing. The level 0.5-acre lot offers ample parking and a fenced outdoor area for games and events. One of only two bars in town, this is a rare opportunity to own a high-demand coastal business. Strong financials with 9%+ projected cap rate. Sale includes FF&E, most inventory, and business name. Possible seller financing.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,700 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1946/2015
Price
$2,465,478 CAD
Price Per SF
$666.35 CAD
Cap Rate
11.11%
NOI
$273,942 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.50 AC
Zoning
C-1 - Commercial
Parking
25 Spaces (6.76 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R0182091 | Improvements Assessment | $436,718 CAD (2025) |
| Land Assessment | $205,169 CAD (2025) | Total Assessment | $641,887 CAD (2025) |
Property Taxes
Parcel Number
R0182091
Land Assessment
$205,169 CAD (2025)
Improvements Assessment
$436,718 CAD (2025)
Total Assessment
$641,887 CAD (2025)
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Upstairs Bar Grill | 4805 Netarts Hwy W
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