340 Coburg Rd
Eugene, OR
Price:
$2,470,000
Cap Rate:
5.65%
NOI:
$139,584
Building Size:
Approx. 1,936 Sq. Ft.
Lot Size:
Approx. 0.24 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
1985
Investment Overview
- 1985 Construction. 1,936+/- SF Building on 0.24+/- Acre Site
- 4.5 Years Remaining on a 10-Year Absolute NNN Lease with 1.15% Annual Rent Increases & (3) 5-Year Options to Renew
- Rare University Location – Positioned 0.5 Miles from the University of Oregon (24,000+ Students) and Autzen Stadium (54,000 Seat Capacity)
- High-Visibility Signalized Intersection off Coburg Rd (28,000+ VPD), Which Runs South Directly to Downtown Eugene
- Successful, Growing Operator – Dent Quick Lube, LLC, was Recognized as Jiffy Lube International’s 2024 Franchisee of the Year
- Next-Door to Oakway Center Mall (2.88M Visitors/Yr) – Home to National Retailers Including Lululemon, Old Navy, Nordstrom Rack, & More
- Eugene, OR | 3rd Largest Metro Area in Oregon – Home to University of Oregon | MSA Population: 381,000+