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1052-1054 Green Acres | Delta Oaks Retail 1052-1054 Green Acres Road rd 17,810 SF 100% Leased Retail Building Eugene, OR 97408 $3,185,000 ($178.83/SF) 5.25% Cap Rate
EXECUTIVE SUMMARY
The Delta Oaks Retail Building is impeccably maintained, features an excellent location adjacent other strong retail uses, with abundant reciprocal parking, and surrounded by strong economic demographics. Substantial residential neighborhoods with high incomes surround the Center.
The Delta Oaks Retail Building is situated in the Delta Oaks Retail Center adjacent Market of Choice, Dick’s, Home Depot and Walmart with multiple retail tenants in the Center. Easy access from all parts of Eugene and Springfield at the intersection of Randy Pap´e Beltline Highway, North Delta Highway and Green Acres Road.
Rentable Area • 17,810 sq. ft.
Year Built • 1994
Tax Map & Lot No. • 17-03-18-13-01402
Site Size • 48,787 sq. ft. | 1.12 acres
Zoning • C-2, SR | Community Commercial, Site Review
Parking is reciprocal
TENANTS:
SHERWIN -WILLIAMS | 1054 GREEN ACRES RD The Sherwin-Williams Company has been a tenant since June 2010.They occupy 6,810 rentable square feet with access to a loading dock. Sherwin-Williams is an American paints and coatings company based on Cleveland, Ohio primarily engaged in the sale of paints,coatings, and floorcoverings.
SHERWIN WILLIAMS LEASE TERMS:
• Triple net lease
• 38.41% of property taxes/operating expenses
• Annual rent $120,673 through June 30, 2030
• Lease term June 30, 2030
• 5-year renewal option with 12.5% rent increase
BAGS O F LOVE | 1052 GREEN ACRES RD: Bags of Love has been a tenant since June 2019. They occupy 11,000 rentable square feet. Bags of Love is a non-profit entity since 2008 supporting children of Lane County in need. Each of the Bags of Love provide children with customized gifts offering practical support and emotional reassurance.
BAGS OF LOVE LEASE TERMS:
• Modified gross lease
• Non-profit with property tax exemption
• Current rent $69,000 with $1,800 annual rent increases
• Lease term May 31, 2029
• 5-year renewal option with annual $1,800 rent increases
Sale Price . . . . . . . . . . . . . . . . . . . . . . . .$3,185,000
The Delta Oaks Retail Building is situated in the Delta Oaks Retail Center adjacent Market of Choice, Dick’s, Home Depot and Walmart with multiple retail tenants in the Center. Easy access from all parts of Eugene and Springfield at the intersection of Randy Pap´e Beltline Highway, North Delta Highway and Green Acres Road.
Rentable Area • 17,810 sq. ft.
Year Built • 1994
Tax Map & Lot No. • 17-03-18-13-01402
Site Size • 48,787 sq. ft. | 1.12 acres
Zoning • C-2, SR | Community Commercial, Site Review
Parking is reciprocal
TENANTS:
SHERWIN -WILLIAMS | 1054 GREEN ACRES RD The Sherwin-Williams Company has been a tenant since June 2010.They occupy 6,810 rentable square feet with access to a loading dock. Sherwin-Williams is an American paints and coatings company based on Cleveland, Ohio primarily engaged in the sale of paints,coatings, and floorcoverings.
SHERWIN WILLIAMS LEASE TERMS:
• Triple net lease
• 38.41% of property taxes/operating expenses
• Annual rent $120,673 through June 30, 2030
• Lease term June 30, 2030
• 5-year renewal option with 12.5% rent increase
BAGS O F LOVE | 1052 GREEN ACRES RD: Bags of Love has been a tenant since June 2019. They occupy 11,000 rentable square feet. Bags of Love is a non-profit entity since 2008 supporting children of Lane County in need. Each of the Bags of Love provide children with customized gifts offering practical support and emotional reassurance.
BAGS OF LOVE LEASE TERMS:
• Modified gross lease
• Non-profit with property tax exemption
• Current rent $69,000 with $1,800 annual rent increases
• Lease term May 31, 2029
• 5-year renewal option with annual $1,800 rent increases
Sale Price . . . . . . . . . . . . . . . . . . . . . . . .$3,185,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
17,810 SF
Year Built
1994
Price
$3,185,000
Price Per SF
$178.83
Cap Rate
5.25%
NOI
$167,175
Percent Leased
100%
Building Height
1 Story
Building FAR
0.37
Lot Size
1.12 AC
Zoning
C-2, SR - Community Commercial, Site Review
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1459690 | Improvements Assessment | $1,474,850 |
| Land Assessment | $1,575,322 | Total Assessment | $3,050,172 |
PROPERTY TAXES
Parcel Number
1459690
Land Assessment
$1,575,322
Improvements Assessment
$1,474,850
Total Assessment
$3,050,172
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1052-1054 Green Acres | Delta Oaks Retail | 1052-1054 Green Acres Road rd
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