50 Division St, Bend, OR 97702
8,816 SF | Retail Building | Bend, OR 97702 | $5,500,000 ($624/SF) | 5.26% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 13 days
Asking Price $5,500,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 8,816 SF
- Price / Square Foot
- $624
Listing Contacts
Dan Kemp
Verified Profile
Peter May
Verified Profile
Pat Kesgard
Verified Profile
- Property Info
Property Overview
Presenting a unique sale-leaseback opportunity with Crux Fermentation Project in the heart of Bend, Oregon. The offering includes an 8,816 SF facility on 1.57 acres. The Crux operation requires a total of 1.19 acres of land to support outdoor seating and food cart operations, leaving a future retail pad site of 0.35 acre on the south end of the lot, which represents excess land. This option allows for a stable investment while maintaining Crux Fermentation Project’s ongoing operations.
SALE-LEASEBACK OPPORTUNITY
The restaurant, tasting room, and brewing facility at 50 SW Division Street on Bend’s west side is available for sale, with a unique sale-leaseback opportunity with Crux Fermentation Project. This setup allows for a seamless transition and continued operation of Crux Fermentation Project while providing a secure investment for the new owner.
HISTORY
Originally built in 1988 as a Lumbermen’s supply store and later used as an AAMCO transmission shop, the property was fully remodeled into a restaurant and brewery in 2012, with a 2,936-square-foot expansion in 2018. The facility’s central location, nestled between the historic Box Factory, Old Mill District, and downtown Bend, makes it a prime spot for business.
FACILITY OVERVIEW
The renowned tasting room, designed as a craft beer playground, attracts a diverse audience of families, outdoor enthusiasts, and beer lovers. The facility boasts 24+ taps, a spacious lawn with food carts, and picturesque views of the Cascade Mountains.
The building includes 5,134 square feet of kitchen and restaurant space and 3,682 square feet of brewing area. With concrete block construction, exposed ceilings, and stunning roll-up glass doors, the facility exudes a modern industrial vibe. The expansive lawn area includes three upgraded pad sites for food carts, complete with concrete pads, underground electrical lines, and grey water lines.
With 52 parking spots available on-site and additional parking on land leased from ODOT, the property offers ample parking options. The ODOT-leased land spans 21,999 square feet on the eastern edge of the property.
FURNITURE, FIXTURES & EQUIPMENT
This turnkey facility offers all the essential equipment for restaurant and brewery use, such as a large grease trap, particulate storage tank for the brewing system, walk-in freezer/cooler, point-of-sale system, hand sink, dish sink, and leased dishwasher. Although the furniture, fixtures and equipment are not included in the sale, they are available for purchase.
Contact the listing agents for more information.
SALE-LEASEBACK OPPORTUNITY
The restaurant, tasting room, and brewing facility at 50 SW Division Street on Bend’s west side is available for sale, with a unique sale-leaseback opportunity with Crux Fermentation Project. This setup allows for a seamless transition and continued operation of Crux Fermentation Project while providing a secure investment for the new owner.
HISTORY
Originally built in 1988 as a Lumbermen’s supply store and later used as an AAMCO transmission shop, the property was fully remodeled into a restaurant and brewery in 2012, with a 2,936-square-foot expansion in 2018. The facility’s central location, nestled between the historic Box Factory, Old Mill District, and downtown Bend, makes it a prime spot for business.
FACILITY OVERVIEW
The renowned tasting room, designed as a craft beer playground, attracts a diverse audience of families, outdoor enthusiasts, and beer lovers. The facility boasts 24+ taps, a spacious lawn with food carts, and picturesque views of the Cascade Mountains.
The building includes 5,134 square feet of kitchen and restaurant space and 3,682 square feet of brewing area. With concrete block construction, exposed ceilings, and stunning roll-up glass doors, the facility exudes a modern industrial vibe. The expansive lawn area includes three upgraded pad sites for food carts, complete with concrete pads, underground electrical lines, and grey water lines.
With 52 parking spots available on-site and additional parking on land leased from ODOT, the property offers ample parking options. The ODOT-leased land spans 21,999 square feet on the eastern edge of the property.
FURNITURE, FIXTURES & EQUIPMENT
This turnkey facility offers all the essential equipment for restaurant and brewery use, such as a large grease trap, particulate storage tank for the brewing system, walk-in freezer/cooler, point-of-sale system, hand sink, dish sink, and leased dishwasher. Although the furniture, fixtures and equipment are not included in the sale, they are available for purchase.
Contact the listing agents for more information.
Property Details
- Class
- B
- Year Built/Renovated
- 1988/2018
- Stories
- 1
- Lot Size (sq. ft)
- 68,389 SF
Highlights
- Investment opportunity with sale-leaseback
- Large indoor and outdoor seating areas
- Excellent on-site parking plus additional parking on ODOT land
- Sale includes future retail site of 0.35 acre
- Brewing and kitchen equipment available for purchase
- Stunning views of the Cascade Mountains
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