Auto Network Group | 20420 Robal Lane, Bend
- LOT SIZE One single tax lot divided into two separate parcels
- 8.25 acres Total, estimated at 7.4 +/- acres net buildable/net leasable
- BUILDING SF 6,900 RSF two-story CMU block facility
- ZONING CG – Commercial General – With residential use allowed. Zoning allows for a maximum height of 45 feet (up to 55 feet for mixed-use) and 43 units per gross acre.
- OCCUPANCY 100% Occupied
- CAP RATE 4.8%
- NNN MASTER LEASE WITH 5 YEARS REMAINING.
Fratzke Commercial Real Estate Advisors, Inc., is proud to be the exclusive commercial real estate brokerage marketing the Auto Network Group (ANG) and Toy House RV Storage real estate for sale.
Toy House RV Storage has been a tenant on-site for more than 12 years serving as Bends’ largest 24-hour per day monitored secure boat and RV storage. With over 290 units, occupancy levels have remained at 100% over the past six (6) years. Toy House offers both covered and open storage options. With a waitlist capped at twenty-five (25) pending users, Toy House sees increased demand for its services.
ANG began doing business in 1999 as Central Oregon’s largest auto wholesaler. Since relocating to the Robal Road location several years ago, ANG has become the premier wholesale and retail car/truck/SUV/RV dealer in Central Oregon, and occupies the 6,900 RSF CMU block two-story showroom and 2.0+/- lot on the southern corner of the property.
ANG sales have grown year over year, with sales of trucks, RVs, boats, motorcycles, high-end sports cars, SUVs, and supercars. ANG’s reputation, reflected through online customer ratings and reviews from buyers coast-to-coast, is nothing short of excellent. These guys do it right!
The current lease rate for the Master Leasee is blended at $45,000 per month NNN for the use of a two-story 6,900 RSF building, and 8.25 acres of land.
The investor looking for a true net leased investment in Bend, Oregon, with strong credit tenants and a long-term lease in place, will appreciate the strength that a Master Lease provides. Financials and a Master Lease Agreement are available upon a qualified Buyers’ proof of financial capacity and a signed non-disclosure agreement.
The property also provides the investor with a long-term upside for the redevelopment of the site to a mixed-use residential/retail or mixed-use residential/medical development with a development height of up to 45 feet.
Locate in the heart of the Golden Triangle between Highway 97and Highway 20 on the North end of Bend, Oregon. The site is a corner lot located between Target, Best Buy, Sportsman’s Warehouse, Home Depot, and a soon to be developed Costco with Fueling Station. With high traffic counts and incredible exposure to all who travel from the State of Washington, Eugene, Portland, Salem, Albany, Redmond, and Prineville, there is no doubt why this portion of Bend is called the “Golden Triangle”.
As Commercially Zoned Land becomes more scarce, a future opportunity is in place to relocate both Tenants and redevelop this site for mixed use housing and retail and or clinical medical services none of which are currently available on the north end of Bend, Oregon. The site is close to at grade, and the owners have a clean Phase I Environmental Site Assessment, Soils Compaction Report, and Survey on file. The proximity of this site to the new Costco Center and Fueling Depot with associated retail services will increase traffic and demand for future housing and medical needs in the area.
20420 Robal Lane
Bend, OR 97703
Property Type: Industrial
Building Square Feet: 6,900 +/-
CAP Rate: 4.8%
Occupancy: 100% Leased
Lease Type: NNN
Lot Size: 7.4 Acres
Year Built: 1999
Procurement Fee / Broker Commission: 2%