$1,920,000
$1,970,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3,672 SqFt
SOLD DATE : 09/30/2025
Key Details
Sold Price $1,920,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $522
Subdivision Airport Business Cen
MLS Listing ID 220206954
Sold Date 09/30/25
Year Built 2008
Annual Tax Amount $13,820
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions 0.93
Property Description
Single tenant NNN leased investment. Original Pancake House (real estate only, not the business) backed by a 10 year lease with 9 years remaining. 6.5% cap rate. Super popular and successful business since 1997 in Bend and since 2008 for subject location. Current tenant/operator has been with the brand for over 30 years and owns both the Bend and Redmond locations.
Location
State OR
County Deschutes
Community Airport Business Cen
Interior
Interior Features Built-in Features, Solid Surface Counters
Heating Forced Air
Cooling Central Air, Evaporative Cooling
Exterior
Parking Features Asphalt, Parking Lot
Roof Type Composition
Building
Lot Description Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Foundation Slab
Water Public
Level or Stories One
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID 240918
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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