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NNN Investment - Corporate Guaranteed 1990 W 11th Ave 7,912 SF Retail Building Eugene, OR 97402 $1,978,000 ($250/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Investment Property
- 36,660 traffic counts
- Building repainted in 2022
- Located on high visibility corner
- New membrane roof
EXECUTIVE SUMMARY
This investment opportunity presents a corporate-guaranteed lease with Aaron’s Rent-to-Own Center, which ensures a stable and reliable income stream. The property underwent significant updates in 2022, including installing a new membrane roof and a complete repaint, guaranteeing low maintenance costs for the future.
This property is positioned on a high-visibility corner within the W 11th Avenue retail corridor and benefits from substantial traffic counts. The lease expires on January 1, 2028, and includes two 5-year renewal options with 10% rental increases every 5 years. This is a remarkable long-term investment opportunity. Don't miss out on the chance to invest in a prime commercial real estate asset with a strong corporate tenant.
This property is positioned on a high-visibility corner within the W 11th Avenue retail corridor and benefits from substantial traffic counts. The lease expires on January 1, 2028, and includes two 5-year renewal options with 10% rental increases every 5 years. This is a remarkable long-term investment opportunity. Don't miss out on the chance to invest in a prime commercial real estate asset with a strong corporate tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,912 SF
Building Class
B
Year Built/Renovated
2009/2022
Price
$1,978,000
Price Per SF
$250
Cap Rate
6.40%
NOI
$126,596
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.45 AC
Zoning
S-C
Parking
18 Spaces (2.28 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0482248 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $610,542 |
PROPERTY TAXES
Parcel Number
0482248
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$610,542
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NNN Investment - Corporate Guaranteed | 1990 W 11th Ave
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