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Seattle & Northwest  + Oregon  + Retail  |  April 5, 2024
Jasmine Kilman
By: Jasmine Kilman

Norris & Stevens Brokers Investment Sale of Coos Bay Restaurant

AlpHubbard, LLC recently completed the $1.95 million purchase of a Burger King drive-thru located at 2021 Newmark Avenue in Coos Bay, Oregon.

Todd VanDomelen and Mike Brown with Portland-based Norris & Stevens, Inc. represented the buyer, and Clayton Brown with Marcus & Millichap represented the seller, Ternik LLC, in the transaction. The Norris & Stevens’ brokers negotiated with the buyer on selling a property and conducting a 1031 exchange involving the purchase of this property.

Constructed in 1992, the approximately 2,824 square foot freestanding drive-thru sits adjacent to Walmart, Staples, and Starbucks. Burger King, a national tenant, has occupied the property since construction and has a long term lease set in place. The property is conveniently located on Highway 540, and Southwestern Oregon Community College is situated across the street.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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