ALBERTSONS

3075 Hilyard Street, Eugene, OR 97405
$13,401,974

Cap Rate
5.35%
Year Built
1989
Occupancy
100%
Leasable Area
33,270 SF
Term Remaining
±11 YRS
NOI
$717,006
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • INVESTMENT GRADE TENANT – Property features an 11-year lease with a corporate guarantee from Albertsons Companies, which ranks number 53 on the Fortune 500 list.
  • COMPLETELY PASSIVE INVESTMENT – The lease is absolute NNN (no landlord responsibilities).
  • ANNUAL RENTAL INCREASES – Hedge against inflation with 2% annual rent increases through initial term and option periods.
  • SUPERB LOCATION – Property is in the heart of Eugene, OR and only a mile and a half from the University of Oregon. Eugene is known as one of the best cities to live in Oregon.
  • STRONG DEMOGRAPHICS – Over 38,000 people located within a 3-mile radius of property, providing a great target market of grocery shoppers.
  • RESILIENCE TO ECONOMIC CYCLES – Grocery retail is considered recession-resistant, as consumers prioritize spending on essential goods even during economic downturns. This resilience enhances the property’s stability and mitigates downside risk for investors.
  • GREAT REAL ESTATE FUNDAMENTALS – Located on a hard corner with access into the parking lot from 3 different streets. Hilyard St and E 30th Ave see north of 17,000 cars a day.

Broker of Record

  • Tim Campbell
  • License No. 790100087 (OR)
  • (866) 889-0550
  • Campbell Commercial Real Estate
  • 701 High Street,
    #300, Eugene, OR 97401