121 NE 3rd Street, Prineville, OR 97754 | Home For Sale

Property Highlights – NNN investment in downtown Prineville – 5,800 SF building on a 0.33-acre parcel – Offered at $1,250,000; 7.50% CAP rate – Fully leased; new 5-year lease term begins August 2025 with one 5-year renewal option – 3% annual rent increases – Zoned C1 (Central Commercial) – Building includes a fully equipped commercial kitchen and a full-service bar; visible location in the downtown core – Tenant Crossroads BBQ Pit & Pub has occupied the location for over 10 years – Located adjacent to the newly renovated High Desert Inn with on-site parking – Income-producing property in Central Oregon