1895 Franklin Blvd Eugene, OR 97403-1984

Property Details for 1895 Franklin Blvd

Zone code

S-WS-WALNUT STATION SPECI

Property type

Commercial real estate

APN

17-03-33-32-08600-000

APU

1703333208600000

Description

This exceptional investment opportunity presents a 2,565 square-foot Starbucks café with a drive-thru, situated directly across from the University of Oregon campus in Eugene, Oregon. The property boasts a highly desirable location, benefiting from exceptional visibility and accessibility at a signalized intersection experiencing 30,000 cars daily. The single-tenant lease with Starbucks (NASDAQ: SBUX, S&P: A-), a globally recognized brand, has a remaining term of approximately 6.4 years, extending to April 30, 2031. The lease includes built-in rent increases of 10% every five years, commencing in May 2026, offering significant long-term growth potential. The property sits on a large, approximately one-acre lot, providing ample space and prominent signage opportunities. Its proximity to the University of Oregon (25,000 students), numerous student housing options, and Matthew Knight Arena (12,000 seats) ensures consistent high foot and vehicle traffic. The property's Net Operating Income (NOI) is $155,182, resulting in a 4.50% cap rate. The asking price is $3,450,000. The lease is a Triple Net (NNN) lease, and three five-year lease options are available, each with a 10% rent increase. Built in 2016, this property represents a secure and lucrative investment in a thriving college town environment. The property's APN is 17-03-33-328400, 17-03-33-328600.