3175 11Th Ave, Eugene, OR 97402

3,194 SF | Retail Building | Eugene, OR 97402 | $3,091,000 ($968/SF) | 5% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,091,000

Property Type
Retail, Restaurant
Square Feet
3,194 SF
Price / Square Foot
$968

Listing Contacts

Aaron Hines
Aaron Hines
Verified Profile
  • Property Info

Property Overview

The subject property is located at 3175 West 11th Avenue in Eugene OR (Home to University of Oregon). This investment is a Absolute NNN 20 Year Lease with one of the largest KFC Franchisees in the Nation. The Franchisee was just named "2023 Franchisee of the Year" by KFC Corporate. The Subject Property Lease is guaranteed by 125+ Stores. The 20 year NNN Lease commenced December 1st 2021 with 1.50% annual increases and there are (4) 5 Year Renewal Options after the primary 20-year lease term.

Property Details

Class
B
Year Built
2004
Stories
1
Lot Size (sq. ft)
37,026 SF

Highlights

  • 1.50% Annual Rental Increases - 125+ Stores Guarantee Lease
  • Strong Sales Location - Tenant is 2023 KFC Franchisee of the Year
  • 20 Year Absolute NNN Lease with 17 years remaining

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