2840 Willamette St - Bank FOR SALE


Eugene, OR 97405- Friendly
$3,310,000 USD
952-356-0100
2840 Willamette St, Eugene, OR for Sale
$3,310,000 USD
Bank - FOR SALE
1/3
null | 5% Cap Rate

2840 Willamette St
Eugene, OR 97405
Friendly


HIGHLIGHTS

  • Long-term 15-year NNN lease with 10% rent escalations every five years
  • Recently renovated Chipotle property featuring the brand’s innovative "Chipotlane" drive-thru concept
  • Leased to a nationally recognized brand, Chipotle Mexican Grill (NYSE: CMG), backed by a strong corporate guarantee
  • Prime location with excellent accessibility along Willamette Street and E 29th Avenue
  • The trade area houses a population of over 137k residents within a five-mile radius and an average household income exceeding $87k
  • Pad to Woodfield Station, anchored by one of Oregon’s top-performing Market of Choice locations

OVERVIEW

This offering presents an exceptional opportunity to acquire a Chipotle Mexican Grill with a state-of-the-art “Chipotlane” drive-thru, located in the high-traffic Woodfield Station Shopping Center in Eugene, Oregon. The Property is backed by a long-term triple net (NNN) lease with minimal landlord responsibilities. Chipotle benefits from strong national co-tenancy, excellent visibility, and high consumer engagement, in a growing retail corridor. The Property is strategically positioned as a pad to Woodfield Station, a grocery anchored retail center which attracts over 1.5 million visitors annually. Chipotle fronts Willamette Street which receives daily traffic counts exceeding 27,000 vehicles and sits approximately one mile from the University of Oregon, adding a consistent flow of college students, faculty, and visitors to the customer base.

FOR SALE DETAILS

PRICE

$3,310,000 USD

PRICE/SF

$1,280 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C-2

APN/PARCEL ID

0630630,0630648

ASK ABOUT THIS PROPERTY

Kevin AdattoNorthmarqMore Info
952-356-0100

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Kevin AdattoNorthmarqMore Info
952-356-0100

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