BJ's Restaurant NNN Ground
1080 Valley River Way, Eugene, OR 97401
For Sale
Contact for pricing
NNN ground lease in Eugene, Oregon, near Valley River.
Property Size9,094 SF
Lot Size0.72 Acres
Price / SF$367.48
Days on Market280
Property Features for 1080 Valley River Way
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License GA #349355
(404) 504-7893
Source:
Crexi
Added: Feb 5
Changed: Oct 29
Last Checked: Nov 10 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a BJ’s Restaurant NNN ground lease situated on approximately 0.72 acres in Eugene, Oregon. The lease has a remaining term of approximately 7.4 years. The lease includes a 10% rent increase in 2028 and in each of the two, 5-year renewal options. According to Placer.ai, this location ranks among the top 7% of BJ’s Restaurant & Brewhouse locations nationwide and is the #1 location in the state of Oregon.
Key Highlights
- NNN ground lease provides a passive investment opportunity.
- Located in Eugene, OR (MSA Population: 392,601).
- Top 7% of BJ’s Restaurant & Brewhouse locations nationwide based on visits.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,065
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,001,300
$3.0M
Cap Rate 7%
$2,143,786
$2.1M
Cap Rate 9%
$1,667,389
$1.7M
Market Conditions
NOI Build-Up for 9,094 SF
Gross rent
$207.3K $22.80/SF
− Vacancy
−$7.3K −$0.80/SF
EGI
$200.1K $22.00/SF
− OpEx
−$50.0K −$5.50/SF
NOI
$150.1K $16.50/SF
Area
Eugene, OR
Vacancy
3.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,001,300
Cap Rate 7%
$2,143,786
Cap Rate 9%
$1,667,389
Alternative Uses
Best Use
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,065 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,065 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
449k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 27%
Shops & Services 19%
Home Improvements & Furnishings 7%
JCPenney
Apparel
79,936 visits/mo
0.2 miles
Texas Roadhouse
Dining
51,027 visits/mo
0.1 miles
Barnes & Noble
Shops & Services
48,893 visits/mo
0.2 miles
Ross Dress for Less
Apparel
39,826 visits/mo
0.2 miles
BJ's Restaurant and Brewhouse
Dining
38,698 visits/mo
0.0 miles
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - NNN ground lease in Eugene, Oregon, near Valley River.
Where is this conventional restaurant located?
The property is located at 1080 Valley River Way Eugene, OR.
What is the asking price?
The asking price for this property is $3,341,886.
What are key features of this property?
This property features: NNN ground lease provides a passive investment opportunity.; Located in Eugene, OR (MSA Population: 392,601).; Top 7% of BJ’s Restaurant & Brewhouse locations nationwide based on visits.
