450 NE Stephens St | Roseburg, OR 97470
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- LoopNet Team
450 NE Stephens St
Roseburg, OR 97470
Advance Auto Parts/Therapy Plus (2 Buildings) · Retail Property For Sale
Investment Highlights
- Ideal Visibility Along NE Stephens – Center Turn Lane Provides 17,000+ Cars Passing Daily with Easy Access
- AAP - Corporate Guaranteed Passive Double Net Lease – Parking Lot Sealed in 2022 – Underwriting Accounts for $0.50/SF of Reserves
- Two Personal Guarantees Backing Lease – Therapy Plus Served Roseburg for 10+ Years
- AAP Recent Early 5 Year Extension with Rent Increase and Additional Option Added – Two 5-Year Options Remain w/ Rent Increases
- 20+ Years Historical Occupancy – Advance Auto Has Extended Lease on Four Separate Occasions
- Therapy Plus - Favorable NNN Lease Structure w/ Landlord Able to Pass Through Expenses to Tenant
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,142 SF
Building Class
B
Year Built
1970
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.74 AC
Zoning
C-3
Parking
32 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
89’ on NE NE Stephens St St
Amenities
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $586,370 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$586,370
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