540 U.S. 20 , Hines, OR 97738(Harney County)

Eastern Oregon Commercial

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 5 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.

ADDRESS: 540 Hwy 20 N, Hines

PRICE: $895,000.00

TAXES: $10,720.29 (2023) (leaser pays all taxes

FINANCING: Cash

YEAR BUILT: 1997

SQ. FT.: 4,848

LOT SIZE: .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