• Lease structured as Absolute NNN — tenant is responsible for all costs including roof, structure, and parking lot.
• Base lease term runs through May 31, 2035, with two (2) additional 5-year options extending potential tenancy through May, 2045
• 10% base rent escalations every 5 years, providing investors with built-in inflation protection and growing NOI / overall return.
• Percentage rent clause: Historically has provided additional income offering additional upside tied to tenant performance (reach out to broker for more details).
• Black Bear Diner ranked among the top 113 restaurant chains nationally by Nation’s Restaurant News (2025), and top 30 full-service chains nationally by Full-Service Restaurant Chain Magazine (2025)
• Ranked #4 in customer satisfaction in the mid-scale dining segment by Nation’s Restaurant News America’s Favorite Chains survey — just behind Cracker Barrel
• The Black Bear Diner brand averages over $2.7M in annual unit volume — exceeding IHOP, and Denny’s as per Franchise Times 2024.
• Franchisee has operated this location for 26 consecutive years as one of the original Franchisee’s in the Black Bear Diner system, demonstrating exceptional operational commitment
• The Madras Black Bear Diner consistently performs at or above the national chain average, an extraordinary achievement given the city’s population of approximately 7,000 residents.
• Situated at the confluence of Highway 97 (north-south corridor: California to Central Washington via Bend) and Highway 26 (east-west corridor: Portland to Boise), two of Eastern Oregon’s most heavily trafficked arteries