1991 Olympic St - Freestanding FOR SALE


Springfield, OR 97477- Outer Eugene
$2,100,000 USD
541-953-2402
1991 Olympic St, Springfield, OR for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/7
null | 5.88% Cap Rate

1991 Olympic St
Springfield, OR 97477
Outer Eugene


HIGHLIGHTS

  • Leased since 2005 to Aaron's
  • Triple Net Lease

OVERVIEW

Corporate Guaranteed Triple Net Retail Lease • Building Size: 8,500 square feet • Site Size: 20,909 square feet • Parking: 21 parking spaces • Zoning: MR | Major Retail Commercial Tenant: Aaron’s, Inc. has been a tenant since 2005. The Aaron’s Company is a lease-to-own retailer focusing on leases and retail sale of furniture, electronics, appliances and computers. Lease Term and Rent: The current lease term is through December 31, 2026. The current annual rent is $124,449 through December 31, 2026. Aaron’s has two 5-year renewal terms with 10% rent increases.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

MR

APN/PARCEL ID

1104700

ASK ABOUT THIS PROPERTY

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

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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.