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Off Market
1/8

6135 E St
Springfield, OR 97478


HIGHLIGHTS

  • 9-Years of Lease Term Remaining
  • Absolute NNN Lease
  • Corporate Guarantee
  • Strong 17-Unit Operator
  • 2.00% Annual Rental Escalations
  • Eugene, Oregon Suburb

OVERVIEW

CLOSE PROXIMITY TO MAJOR CITIES •To Eugene: 3.3 miles •To Salem: 65.3 miles •To Portland: 109 miles Sweetbriar Villa is licensed as a residential care facility (RCF) and offers 30 residential care units with a licensed capacity of 39 residents. The facility maintains an Alzheimer’s endorsement for 9 beds, and the facility is comprised of 25-units / 30 beds of standard assisted living and a 5-unit / 9-bed secured memory care wing for persons with Alzheimer’s disease and related dementia's. The location has three residential wings plus common area amenities. The one-story structure contains an overall gross building area of 17,738 square feet, 10,280 of which is common area with each unit being 591 square feet. A portion of the original structure was built in 1965 and utilized as a church. Subsequently, the original structure was extensively renovated in 1989 and converted for use as a 15-bed residential care facility. A renovation and 12,988 square foot addition was completed in 2001 bringing the capacity to 30-units / 39-beds. The building is of average-quality construction and is in good repair. All resident rooms include a half-bath (toilet and wash basin) and each wing has a common shower room. Twenty-six of the 30 rooms have private half-baths and four rooms (two sets of rooms) have shared / adjoining half-baths. *The property also includes an additional undeveloped parcel of ±1.40 acres. DENSE INFILL LOCATION - Over 54,366 people within a 5-mile radius of the subject property HIGH TRAFFIC LOCATION - 27,000 cars per day along Main Street, 68,000 cars per day along Interstate-5

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Radiant Senior Living

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

17738

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

2.98 AC AC

LAND SF

129,809 SF

ZONING

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APN/PARCEL ID

1532231