Investment opportunity awaits you! This property features commercial real estate currently setup for a bar and grill that has been completely remodeled. Only the real estate is for sale, business is tenant owned. Real estate is currently leased with a five year triple net lease. Lease amount is $44,400 per year with a 3% increase per year. Conveniently located in the heart of Lincoln City near shopping, restaurants, casino, and miles of sandy beaches. Adjacent residential home is also for sale, see MLS#22-2047. Or purchase both properties together, see MLS# 22-1997 & 22-2003.
Listing courtesy of Taylor & Taylor Realty Company.