1991 Olympic St, Springfield, OR 97477

8,500 SF | Retail Building | Springfield, OR 97477 | $2,300,000 ($271/SF) | 5.37% Cap Rate

Asking Price $2,300,000

Property Type: Retail
Square Feet: 8,500 SF
Price / Square Foot: $271

Listing Contacts

Property Info

Property Overview

Leased Single Tenant Retail Building
• Building Size: 8,500 square feet
• Site Size: 20,909 square feet
• Parking: 21 parking spaces
• Zoning: MR | Major Retail Commercial
Tenant:
Aaron’s, Inc. has been a tenant since 2005. The Aaron’s Company is a lease-to-own retailer focusing on leases and retail sale of furniture, electronics, appliances and computers.
Lease Term and Rent:
The current lease term is through December 31, 2026. The current annual rent is $124,449 through December 31, 2026. Aaron’s has two 5-year renewal terms with 10% rent increases.

Property Details

Class: C
Year Built: 1977
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 30,056 SF

Highlights

Leased since 2005 to Aaron's
Triple Net Lease

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