4242 Commerce St | Eugene, OR 97402
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- LoopNet Team
4242 Commerce St
Eugene, OR 97402
Elements Health Club · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease Extension
- High-Yield Investment with Average Cap Rate of 8.46% Over the Firm Term
- Strong Fitness Segment Growth
- 2% Annual Rent Increases
- Rapidly Growing Submarket
- High-Barrier to Entry Market with 1.5% Vacancy Rate
PROPERTY FACTS
Property Type
Retail
Property Subtype
Health Club
Building Size
36,278 SF
Building Class
B
Year Built/Renovated
1979/2018
Percent Leased
19%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
1.24 AC
Zoning
C-2 - C-2 "Community Commercial" provides a broad range of permitted uses to serve the surrounding area.
See: https://eugene.municipal.codes/EC/9.2160 .
Parking
70 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
673’ on Commerce
AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1263969 | Improvements Assessment | $999,473 |
| Land Assessment | $552,846 | Total Assessment | $1,552,319 |
PROPERTY TAXES
Parcel Number
1263969
Land Assessment
$552,846
Improvements Assessment
$999,473
Total Assessment
$1,552,319
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