$2,657,000 USD
404-441-3849
HIGHLIGHTS
- Government-Backed Credit Tenant | The State of Oregon (S&P: AA+; Moody's: Aa1)
- Net Lease with Annual 3%+ Annual Increases
- Excellent Interstate Access | Less than a Mile from the On-Ramp to Delta Highway (45,200 VPD) and its Interchange with I-105 (75,300 VPD)
- Outparcel to Valley River Center (814,000 SF) | Anchored by JCPenney, Macy's, Regal Cinemas & Round One Entertainment
- Less Than 3 Miles to University of Oregon (Enrollment: 24,462+)
- Eugene-Springfield, OR MSA Advantage (MSA Population: 392,601+)
OVERVIEW
CBRE is pleased to offer for sale the 8,580-square-foot Oregon Driver & Motor Vehicle Servies (also referred to as the Eugene DMV) asset positioned on 2.02 acres in Eugene, Oregon (MSA Population: 392,601). The Eugene DMV‘s net lease features ±6.6 years of term remaining with 3.00%+ annual rent increases throughout the term and in each of the two, 5-year renewal options.
FOR SALE DETAILS
PRICE
$2,657,000 USD
PRICE/SF
$310 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Oregon Driver & Motor Vehicle Services
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
2.02 AC
LAND SF
87,991 SF
ZONING
C-2-Community Commercial
APN/PARCEL ID
1449071
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404-441-3849
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404-441-3849
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