510 Hwy 20, Hines
This is for the building and land only. The leaser has been at this location for over 20 years and has just renewed the lease for another 5 years. The cap rate is 5½ for 2021. This location is next to the Best Western Inn and is a great location. This is a great place to invest in if you are looking in the Eastern Oregon area.
**Financial are available upon request.
TAXES: $10,655.93 (leaser pays all taxes
YEAR BUILT: 1997
SQ. FT.: 4,848
LOT SIZE: 0.81
LEASE RATE: 7% of total gross sales
LEASE TERMS: Lease just renewed for 5 years (June 1, 2022 to June 1, 2027)
ANNUAL NOI: $53,000