760 Ivy St - Storefront FOR SALE


Junction City, OR 97448
$1,077,000 USD
206-826-5787
760 Ivy St, Junction City, OR for Sale
$1,077,000 USD
Storefront - FOR SALE
1/5
null | 6.25% Cap Rate

760 Ivy St
Junction City, OR 97448


HIGHLIGHTS

  • New 10-Year Lease | 2.5% Annual Rent Increases
  • National Brand with Proven Operator Guarantee | Top 25% of NAPA Auto Parts Stores Nationwide
  • Significantly Below Market Rent | Minimal Landlord Responsibilities
  • Excellent Visibility (17,400+ VPD) and Access
  • High Barrier-To-Entry Market with 2.9% Vacancy Rate & Strong Rent Growth
  • Attractively Priced Below Replacement Cost | Solid Growing Demographics

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a NAPA Auto Parts property located in the Eugene, OR MSA. The tenant recently executed a brand-new 10-year NNN lease, showing strong commitment to the site and offering investors stable, predictable cash flow. The lease features 2.5% annual rent increases throughout the initial term and option periods, providing a reliable hedge against inflation. The property is leased to TWGW, Inc. (Wilson’s Auto Parts), a successful NAPA Auto Parts operator with nearly 40 years of experience and over 20 locations across Northwest Oregon and Southwest Washington. This location ranks in the top 25% of all NAPA Auto Parts stores nationwide, according to Placer.ai, underscoring its operational strength and consistent customer demand. Currently leased at just $9.81/SF NNN, the property is significantly below Lane County’s market average of $17.50/SF NNN, offering long-term upside potential and tenant stability. The NNN lease structure minimizes landlord responsibilities, with ownership only responsible for roof, structure, foundation, and capital expenditures. Strategically positioned along Hwy 99/Ivy Street, the main arterial connecting Eugene and Corvallis, the property benefits from excellent visibility to over 17,400 vehicles per day, ample parking, and easy customer access. Junction City is part of the Eugene MSA, a high barrier-to-entry market with a 2.9% retail vacancy rate and 3.0% average annual rent growth over the past five years. With no new retail construction underway and only 750 SF of space currently available in the entire city, tenant demand remains exceptionally strong. The property is attractively priced at $157/SF—well below replacement cost—offering a compelling value proposition. Junction City has experienced over 31% population growth since 2010, with continued growth projected over the next five years, further supporting long-term retail demand.

FOR SALE DETAILS

PRICE

$1,077,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Napa Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,200 SF

ZONING

C2

APN/PARCEL ID

0013076

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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