1052-1054 Green Acres Road rd - Retail FOR SALE


Eugene, OR 97408- Cal Young
$3,350,000 USD
541-953-2402
1052-1054 Green Acres Road rd, Eugene, OR for Sale
$3,350,000 USD
Retail - FOR SALE
1/8
null | 4.99% Cap Rate

1052-1054 Green Acres Road rd
Eugene, OR 97408
Cal Young


OVERVIEW

The Delta Oaks Retail Building is impeccably maintained, features an excellent location adjacent other strong retail uses, with abundant reciprocal parking, and surrounded by strong economic demographics. Substantial residential neighborhoods with high incomes surround the Center. The Delta Oaks Retail Building is situated in the Delta Oaks Retail Center adjacent Market of Choice, Dick’s, Home Depot and Walmart with multiple retail tenants in the Center. Easy access from all parts of Eugene and Springfield at the intersection of Randy Pap´e Beltline Highway, North Delta Highway and Green Acres Road. Rentable Area • 17,810 sq. ft. Year Built • 1994 Tax Map & Lot No. • 17-03-18-13-01402 Site Size • 48,787 sq. ft. | 1.12 acres  Zoning • C-2, SR | Community Commercial, Site Review Parking is reciprocal TENANTS: SHERWIN -WILLIAMS | 1054 GREEN ACRES RD The Sherwin-Williams Company has been a tenant since June 2010.They occupy 6,810 rentable square feet with access to a loading dock. Sherwin-Williams is an American paints and coatings company based on Cleveland, Ohio primarily engaged in the sale of paints,coatings, and floorcoverings. SHERWIN WILLIAMS LEASE TERMS:  • Triple net lease  • 38.41% of property taxes/operating expenses  • Annual rent $120,673 through June 30, 2030  • Lease term June 30, 2030  • 5-year renewal option with 12.5% rent increase BAGS O F LOVE | 1052 GREEN ACRES RD: Bags of Love has been a tenant since June 2019. They occupy 11,000 rentable square feet. Bags of Love is a non-profit entity since 2008 supporting children of Lane County in need. Each of the Bags of Love provide children with customized gifts offering practical support and emotional reassurance. BAGS OF LOVE LEASE TERMS:  • Modified gross lease  • Non-profit with property tax exemption  • Current rent $69,000 with $1,800 annual rent increases  • Lease term May 31, 2029  • 5-year renewal option with annual $1,800 rent increases Sale Price . . . . . . . . . . . . . . . . . . . . . . . .$3,350,000

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

4.99%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1052-1054 Green Acres | Delta Oaks Retail

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C-2, SR

APN/PARCEL ID

1459690

ASK ABOUT THIS PROPERTY

Jeff ElderEvans, Elder, Brown, & Seubert Inc.More Info
541-953-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff ElderEvans, Elder, Brown, & Seubert Inc.More Info
541-953-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.