- 100% leased to four quality tenants on triple net leases
- Immediate proximity to St. Charles Medical Center, Summit Medical Group, Central Oregon Radiology and many other medical offices creating a high daytime population for the area
- Neighboring tenants in East End include Cuppa Yo, Hablo Tacos, Chao Lay, Tread Tabata, Lone Pine Coffee Roasters, Life & Time and Hotworx Yoga
- Surrounded by high-density residential neighborhoods
- 61 onsite spaces (7.53:1,000 SF Ratio) plus reciprocal parking in eastern lot
The vibrant Neighborhood Retail Center Neff Place is now available for sale. This highly desirable property boasts a 100% lease occupancy with four reputable tenants on triple-net leases. Tenants include Sunriver Brewing Eastside Pub, Sport Clips, Teacupfuls, and Cafe Yumm!. Surrounded by densely populated residential communities, the center enjoys steady patronage. The property features monument and building signage, ample on-site parking, and a favorable traffic count of 18,482 AADT on 27th Street and 11,755 AADT on Neff Road. With a competitive 4.6% Cap Rate, this opportunity offers stability and potential for an investor seeking a prized retail property in Bend, OR.
Neff Place – Neighborhood Retail Center
Location
Bend’s East Side
Property Type
Restaurant
Zoning
Residential High Density (RH)
Cap Rate
5.25%
Year Built
2014
Property Highlights
