Broadway Retail Park Retail FOR SALE


Eugene, OR - Downtown Eugene
$10,580,000 USD
541-979-8005
, Eugene, OR for Sale
$10,580,000 USD
Retail - FOR SALE
1/2
null | 6.77% Cap Rate

Broadway Retail Park
Eugene, OR
Downtown Eugene


HIGHLIGHTS

  • Premier downtown Eugene portfolio with national and long-term tenants in two adjacent buildings on a highly visible corner.
  • Experience elevated cub appeal, both façades were recently remodeled: 45 W Broadway in 2012 and repainted in 2024, and 856 Willamette in early 2018.
  • Ideally 95% leased with stabilized income, the property's value reflects pro forma rent on one vacancy backed by a 6-month seller rent guarantee.
  • Diverse tenant mix of office, retail, and multifamily, creating balanced income streams and reduced vacancy risk for investors
  • Backed by long-term stability, the anchor tenants, Wells Fargo is leased through 2030, and Broadway Metro Theater has a lease through 2029.

OVERVIEW

Embark on an outstanding Downtown Eugene investment portfolio that consists of two adjacent buildings, 45 West Broadway and 856 Willamette Street, at a highly visible corner in the heart of Eugene’s urban core. Together, they offer a rare opportunity to acquire a nearly fully leased portfolio with long-term and national tenants, stabilized cash flow, and value-add upside through future lease-up and rent growth. The portfolio is 95% occupied, with the one retail vacancy at 45 West Broadway secured by a 6-month rent guarantee. Tenants include Wells Fargo with a lease through 2030, and Broadway Metro Theater leased through 2029, providing dependable income from strong credit-worthy anchors. Moosejaw, at 856 Willamette Street, holds a lease through April 30, 2028, but does not intend to occupy the space. This tenant is currently paying a below-market rate of $1.02 per square foot, and a potential buyout could be positioned as a value-add for a future buyer. Both properties have undergone extensive exterior improvements, enhancing curb appeal and minimizing near-term capital needs. 45 West Broadway received a full façade remodel in 2012 and a fresh repaint in 2024, while 856 Willamette’s remodel was completed in early 2018. Together, the buildings encompass a mix of office, retail, and multifamily uses, offering diversified income streams and reduced vacancy risk for investors. The portfolio sits at a prominent downtown intersection with high foot traffic, excellent visibility, and adjacency to Eugene’s best retail, dining, and public transit options. The area is experiencing significant public and private investment, driven by population growth, the University of Oregon’s economic influence, and ongoing revitalization efforts in the downtown core. 45 West Broadway and 856 Willamette Street combine stable cash flow with potential for long-term appreciation in one of Oregon’s most dynamic urban markets.

ASK ABOUT THIS PROPERTY

McKenna MikesellRSM REAL ESTATE GROUP, LLCMore Info
541-979-8005

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McKenna MikesellRSM REAL ESTATE GROUP, LLCMore Info
541-979-8005

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