528 7th Ave Eugene, OR 97401-2557

Property Details for 528 7th Ave

Lot size

0.38 lot acres

Zone code

C2

Property type

Commercial real estate

APN

17-03-31-21-14900-000

APU

1703312114900000

Description

This exceptional investment opportunity presents a 2,400 square foot Jiffy Lube located at 528 W 7th Ave, Eugene, Oregon, 97401. The property boasts a brand new 10-year absolute NNN lease with a strong, multi-unit operator managing three Oregon locations. Jiffy Lube has a long-standing history at this site, operating for nearly 40 years. The property sits on a 23,717 square foot lot in a prime location on a heavily trafficked arterial, ideally situated at the intersection of Highway 99 and Interstate 105. Eugene, Oregon's third-largest city, benefits from a robust economy fueled by the University of Oregon's 23,634 student enrollment. The stabilized investment offers a 7.50% cap rate with a net operating income (NOI) of $126,000 and an asking price of $1,680,000. Built in 1996, this 100% occupied property presents a secure and lucrative investment opportunity with built-in rent growth. The property's strategic location and the strength of the Jiffy Lube brand ensure a stable and promising return on investment. This is a rare chance to acquire a well-established, high-performing asset in a thriving Oregon market.

Location Insight

City

Eugene

County

Lane

State

Oregon

Longitude

-123.101

Latitude

44.0519

CBSA code

21660

CBSA name

EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments