1680 1St StHermiston, OR 97838

This exceptional investment opportunity presents a fee-simple, 2,536 square foot Popeyes restaurant in Hermiston, Oregon. Located at 1680 N 1st St, this single-tenant, 100% occupied property sits on a 0.82-acre lot and boasts a new construction (2023) building. The property is subject to a 20-year absolute triple-net (NNN) lease, commencing June 1, 2023, and expiring May 31, 2043, with a remaining term of 18.3 years. The current annual net operating income (NOI) is $215,000, representing a 6.25% cap rate. The lease includes annual rent increases of 1.75% starting in year seven, providing a hedge against inflation. The tenant is a franchisee, Ambrosia QSR, a reputable operator with a significant portfolio of fast-food locations in the Pacific Northwest, providing a strong financial guarantee. This investment offers a secure, long-term income stream with significant upside potential. The property's modern design and prime location in Hermiston, Umatilla County, ensure continued strong performance. This is a rare opportunity to acquire a high-performing, low-maintenance, net-leased asset in a growing market. The asking price is $3,440,000.