Offering BUSINESS & REAL ESTATE THE DEPOT CAFE 250 W Cascade Avenue Sisters OR This offering includes one (1) two-story building with large patio area and stage at the rear of the 0.15 acre lot, and The Depot Cafe business that has been a part of the Sisters, OR community since 1976. Business and real estate must be sold together. Contact listing brokers Nick Vaughn or Brian Fratzke for additional information and a showing. Offered at $900,000 Nick Vaughn, Broker nick@fratcommercial.com o 541.306.4948 c 541-610-8202 Brian Fratzke, CCIM brian@fratcommercial.com o 541.306.4948 c 541-480-2526
NOTICES With You Every Square Foot of the Way. 963 SW Simpson Ave., Suite 220 Bend, OR 97702 541.306.4948 www. fratzkecommercial.com Brian Fratzke, CCIM brian@fratcommercial.com Nick Vaughn, Broker nick@fratcommercial.com Tom Tapia, CCIM Candidate tom@fratcommercial.com Bruce Churchill, Broker bruce@fratcommercial.com Chris Cochran, Director of Property Management chris@fratcommercial.com Heather Narten, Assistant Property Manager heather@fratcommercial.com Kristine Parker, Office Manager kristine@fratcommercial.com DISCLAIMER: This information is from sources we deem reliable, but for which we assume no liability. This is an exclusive listing. The information contained herein is given in confidence with the understanding that all negotiations pertaining to this property be handled through Fratzke Commercial Real Estate. All measurements are approximate.
TABLE OF CONTENTS 1. REAL ESTATE & BUSINESS SUMMARY 2. PROPERTY & BUSINESS INFORMATION 3. THE PROPERTY: AERIALS AND TAX MAPS 4. PROPERTY PHOTOS 5. AREA INFORMATION
PROPERTY HISTORY & SUMMARY REAL ESTATE SUMMARY BUSINESS SUMMARY PRICE $ 600,000 BUILDING SF +/- 2,450 SF (2 STORY) YEAR BUILT 1977 LOT SIZE 0.15 ACRE ZONING Commercial PRICE $ 300,000 YR ESTABLISHED 1976; Current owners since 2007 FF & E $ 150,000 GROSS RECEIPTS +/- $ 600,000 Annually
PROPERTY & BUSINESS INFORMATION PROPERTY +/- 2,450 SF two (2) story building Built in 1976, modeled after the Tillamook Train Depot 0.15 Acre (6,534 SF) tax lot zoned Commercial Wood frame Class B construction with Ponderosa Pine board and batten siding Excellent signage - property sits directly on the recently refurbished & landscaped Cascade Avenue with an average daily traffic count of 9,100 (by Esri) The building has two entrances - one on Cascade Avenue & a second through the large back patio The second floor is accessed by a single staircase The building is configured as a dual tenant building with the main kitchen and indoor dining area located downstairs (approx. 1,200 SF) and an upstairs bakery and office area (approx. 800 SF). The office space can be leased separately and is currently used as an office for the owners of The Depot Cafe. The building is currently 100% occupied by The Depot Cafe. BUSINESS The Depot Cafe has been a Sisters, OR mainstay and icon since 1976. Originally The Depot Deli and Cafe, the restaurant is a destination for traveling families and locals alike. Since 2007 the current owners have placed an emphasis on fresh food made from scratch, sourcing many ingredients locally. The restaurant is open 7 days a week for lunch. Breakfast with table service is served Friday through Sunday and dinner with a full bar is offered Wednesday through Saturday during the summer. The cafe offers a beautiful back patio, which is a venue during the Sisters Folk Festival, and an intimate front courtyard, in addition to the interior dining room.
SUBJECT PROPERTY AERIAL VIEWS
TAX MAP
PROPERTY PHOTOS
PROPERTY PHOTOS
WELCOME TO CENTRAL OREGON! The region encompasses dramatic snow-capped mountain ranges to high desert plateaus within the counties of Crook, Deschutes, and Jefferson. Central Oregon has led the state s population growth over the last two decades; in fact, Deschutes County is among the fastest growing areas of the country over the past year. A lesser known fact is that our region has also topped the state in job growth over the past year and over the past ten years, creating a region that's characterized by dynamic small businesses and entrepreneurial activity. The region boasts strong clusters in high technology (software, hardware and energy), advanced manufacturing, biosciences, renewable energy, brewing & distilling, and recreation equipment. For most new residents, Central Oregon is a lifestyle choice, offering a friendly environment, year round recreation options, and world class amenities all with the benefits of a hassle-free, small town feel. From a ranch in Prineville to an upscale urban condo in Bend, and the range of options in between, the region presents a rare diversity of places to live all with an easy commute to work. For a relocating business, Central Oregon has a reputation for welcoming new companies. The region has some of the lowest operating costs in the Pacific Northwest, without sacrifice in human talent, quality health care, transportation or telecommunications infrastructure. What sets Central Oregon apart from other lifestyle cities like Aspen/Vail, CO; Sun Valley, ID; Jackson Hole, WY or Lake Tahoe is that it s filled with middle-class working people who are not escaping from the rest of the world, but building and living their dreams here. Dreams of a quality education for their children. Dreams of launching their own business. Dreams of short commutes and breathtaking landscapes. Dreams of interesting, challenging work without the big-city hassle. TOP EMPLOYERS & INDUSTRIES According to the Oregon Employment Department, over 75% of Oregon firms have nine or fewer employees and the average firm employs 15 people. Recent research released by Dun & Bradstreet and American Express said that 99.1% of businesses in Oregon were less than $10 million in revenues. To an even greater extent than the state, Central Oregon's business environment is typified by innovative, small companies, producing niche-market products and services. Still, a number of large employers operate successfully here, tapping into Central Oregon s ever-expanding workforce, overall low cost of doing business and business-friendly local governments. Year over year, the region s Top 50 Private Employers collectively added 1,100 jobs, and thereby employed nearly 20,000 Central Oregonians. Large employers include some distinct groups including: Advanced Manufacturing Bioscience (pharmaceuticals, medical device) Brewing & Distilling (craft beer, cider, spirits, tea) Building Products (doors, windows, molding, furniture) High Technology (electronics, software, data centers) Outdoor Gear & Apparel Healthcare is led by St. Charles Medical Center, the largest private employer in the region. St. Charles owns and operates hospitals in Bend, Redmond Madras, and Prineville. Additionally, Bend Memorial Clinic is the largest of nearly 100 private clinics and practices in the area. Overall, the health care sector employs over 10,000 Central Oregonians. Headquarter operations play a prominent role among top employers and include Keith Manufacturing, Les Schwab Tires, Bank of the Cascades, Deschutes Brewery, 10 Barrel Brewing and Administrative/ call centers including Consumer Cellular, IBEX Global and Navis are also among the largest private employers in the tri-county area Employment in tourism and hospitality reflects the importance of this sector to the region. Central Oregon has the largest concentration of destination resorts in the Pacific Northwest and includes Riverhouse convention center, Sunriver Resort, Mt. Bachelor, Eagle Crest (Resort Acquisition Partners), Kah Nee Ta Resort, and Indian Head Casino. Page 1 Last updated 5/22/2015 Central Oregon Profile Copyright 2015 EDCO Central Oregon Profile Courtesy of EDCO