Redmond, OR 97756

Verizon

Property Address

US Highway 97 and Oak Tree Lane, Redmond, OR

Offering Summary

  • Price: $2,136,700
  • Lot Size: 0.38 Acres
  • Cap Rate: 5.85%
  • Year Built: 2018
  • Building SF: 3,000
  • Status: In Escrow
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  • Brand New 10-Year Lease
  • Ten Percent Rental Increases Every Five Years
  • 2018 Build
  • Tenant is the Largest Verizon Retailer in the United States – 550+ Locations
  • Outparcel to Walmart Supercenter
  • Situated in Growing Trade Area – Immediate Area Expecting 19%+ Population Growth Over the Next 5 Years</li
  • Households Expected to Increase 20%+ by 2022 in Immediate Area
  • Close Proximity to St. Charles Redmond Hospital – Recently Underwent $30 Million Addition
  • Minutes from Redmond Municipal Airport
  • 30 Minutes from Downtown Bend

Broker Information