Denny's & Starbucks

Denny's & Starbucks

2230 Main Ave, Tillamook, OR 97141

Brief property highlight or description. This section should contain 2-3 sentences about what makes this property special or its main selling points.

Price
$3,100,000
Price/SF
$484
Building Size
6,400 SF
Lot Size
0.91 Acres
Year Built
2007
Sale Type
Investment
Denny’s Percentage Rent Denny’s has been at this location for over 16 years and offers potential upside through percentage rent of 7%.
Feature 2 Value 2
Highly-Trafficked Coastal Highway Located directly on US Highway 101, Oregon’s most highly-trafficked coastal highway, benefiting from over 17,359 vehicles per day.

Key Features

  • Two-Tenant Outparcel of High-Performing Fred Meyer on Hwy 101
  • Per the CC&Rs Burger King to reimburse their share of parking lot lighting to the Declarant, this is currently being billed and reimbursed via CAMs.
  • NNN lease structures for both Tenants offers limited Landlord responsibilities.
  • Only Starbucks drive-thru within an hour to the south and north.
  • Growing economy based on tourism, with a 234% increase in lodging tax collected between 2014-2022, reflective of tourism dollars spent.

Property Location