NNN Investment - Corporate Guaranteed | 1990 W 11th Ave
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NNN Investment - Corporate Guaranteed 1990 W 11th Ave
7,912 SF Retail Building Eugene, OR 97402 $2,803,756 CAD ($354 CAD/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
Property Type
Retail
Property Subtype
Building Size
7,912 SF
Building Class
B
Year Built/Renovated
2009/2022
Price
$2,803,756 CAD
Price Per SF
$354 CAD
Cap Rate
6.40%
NOI
$179,446 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.45 AC
Parking
18 Spaces (2.28 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (86)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0482248 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $808,388 CAD |
PROPERTY TAXES
Parcel Number
0482248
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$808,388 CAD
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NNN Investment - Corporate Guaranteed | 1990 W 11th Ave
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