The property that has housed Silver Moon Brewing on NW Greenwood Avenue for more than two decades is being offered for sale for the first time, NAI Cascade announced. Silver Moon Brewing remains in operation at the site as the property’s legacy tenant.
Located at 20-24 NW Greenwood Ave. and 21-35 NW Kearney Ave., the offering comprises four contiguous tax lots totaling 0.85 acres with 10,708 square feet of building area and 27 on-site parking spaces — a rarity in Bend’s Central Business District. The property is zoned Commercial Business District (CBD), the city’s most permissive zoning designation, and is listed at $3,750,000 with a 5.75 percent in-place cap rate on a NNN lease.
Silver Moon Brewing has operated at the Greenwood location since 2004 and is Bend’s third-oldest brewery, with more than 17 national medals to its name. Over the years the property has grown well beyond a brewpub, adding three performance stages — two indoor and one outdoors adjacent to the food cart lot — along with live music, concerts, comedy, trivia and community events. The brewery is also a frequent host for local nonprofit fundraising, and the F Cancer benefit it founded has raised hundreds of thousands of dollars for Central Oregon cancer patients.
Earlier this year, Silver Moon joined four other Central Oregon craft beverage brands to form the Oregon Beverage Collective, a shared production and operational partnership structured to keep each participating brand’s flagship pub in place. As certain production and administrative functions consolidate across the Collective, a portion of the campus is expected to become available alongside the pub, creating flexibility for an owner-user, a passive NNN investor or a 1031 exchange buyer.
“Silver Moon stays. It’s the real estate that’s for sale,” said Paul Evers, broker with NAI Cascade. “This property has anchored its stretch of Greenwood for two decades, and it got there the honest way — by being the place people actually want to be. What it needs now is the right owner, someone who understands they’re acquiring more than a rent roll.”
The property is exclusively listed by NAI Cascade. For offering materials, including the rent roll, lease abstracts and financials available to qualified buyers upon execution of a confidentiality agreement, contact Paul Evers, broker, at 541-390-4021 or pevers@naicascade.com or Walt Ramage, principal broker, at 541-771-8260 or wramage@naicascade.com.
