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    1990 11Th Ave Eugene, OR 97402

    Sponsored
    For Sale
    $1,978,000

    NNN Lease, Aaron's, High Visibility

    Property size:
    7,912 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity features a 7,912 square foot freestanding retail building located at 1990 W 11th Ave, Eugene, OR 97402. The property, built in 2009 and extensively renovated in 2022 (including a new membrane roof and complete repaint), sits on a 0.45-acre lot in a high-traffic area of the W 11th Avenue retail corridor, boasting 36,660 vehicles passing daily. Currently leased to Aaron's Rent-to-Own under a triple-net (NNN) lease, this single-tenant property offers a strong, corporate-guaranteed income stream with an asking price of $1,978,000 and a 6.40% cap rate. The lease generates a net operating income (NOI) of $126,596 annually and expires December 31, 2027, with two 5-year renewal options, each including a 10% rental increase. This presents a secure, long-term investment with significant upside potential. The property's prime location and recent renovations ensure minimal maintenance costs, maximizing return on investment. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable market.

    Property Features for 1990 11Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,912 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built/Renovated
    2009/2022
    Buildings
    1

    HighLights

    • 7,912 square foot freestanding retail building.
    • 0.45‑acre lot.
    • Built in 2009, extensively renovated in 2022 (new roof and repaint).
    • High‑traffic corner location on W 11th Ave retail corridor; 36,660 vehicles daily.
    • Aaron's Rent‑to‑Own (corporate tenant).
    • $126,596 annual net operating income (NOI).
    Property Profile Location Intelligence

    Current Use by Public Records

    Aaron's Rent To Own Furniture Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.12262621
    Latitude
    44.04782878

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    FAQs

    What type of property is this?
    Individual retail property - NNN Lease, Aaron's, High Visibility
    Where is this individual retail property located?
    The property is located at 1990 11Th Ave Eugene, OR.
    What is the asking price?
    The asking price for this property is $1,978,000.
    What are key features of this property?
    This property features: 7,912 square foot freestanding retail building.; 0.45-acre lot.; Built in 2009, extensively renovated in 2022 (new roof and repaint).
    Request Owner's contact information
    1990 11Th Ave Eugene, OR 97402
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    Eugene, OR 97402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1990 11Th Ave Eugene, OR 97402
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