Cap Rate
6.00%
Gross SQFT
10,640
Term Remaining
±13.5 Yrs
NOI
$169,224
Property Type
Retail
LEAD LISTING AGENT
Chad Kurz
Executive Vice President
Email
[email protected]
License No.
01911198 (CA)
Direct
+1 (949) 662-2252
Mobile
+1 (562) 480-2937
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Long Term Lease – This larger format, unique store was just built with high quality construction and has near ±14 years of remaining base term on the lease.
- Absolute NNN – The tenant is responsible for property taxes, insurance, interior/exterior repairs, and maintenance, providing the landlord a long-term, passive and reliable stream of income.
- West Coast Location / University of Oregon – Just East of Eugene/Springfield, OR, this property is conveniently located off Interstate 126, the East/West artery into the University of Oregon and Downtown. Also nearby is Lane Community College, with over 26,000 enrolled students.
- Strong Demographics – This site has a population of ±43,000 in a 5-mile radius and an average household income of ±$112,000 in a 1-mile radius.
- Corporate Guaranty – Dollar General continues to prove its resiliency, both in booming and economic downturns, including the COVID-19 pandemic. This “Essential” discount retailer boasts an investment grade credit rating of BBB (S&P) with now over 19,000 locations with plans to continue growing into the foreseeable future. This impressive near $36 Billion company has also reported same-store sales growth for 34 consecutive quarters through 2022, a record many other companies would envy.
- Defensive Product – Dollar Stores sales typically increase during downturns in the economy which makes them one of the most sought-after investments in a softening market.
Broker of Record
- Tim Campbell
- License No. 790100087 (OR)
- (541) 484-2214
- Campbell Commercial Real Estate
- 701 High Street,
#300, Eugene, OR 97401