- For Sale $2,750,000
- Property Type Retail - Street Retail
- Property Size 3,194 SF
- Lot Size 0.86 Acre
- Property Tenancy Single Tenant
- Year Built 2004
- Year Renovated 2021
- Date Updated Jun 9, 2026
Description
*This offering presents an opportunity to acquire a single tenant asset with a long term absolute net lease, providing passive ownership and consistent income. The tenant is responsible for all property expenses, including real estate taxes, insurance, and all maintenance, including the roof and structure. This structure minimizes landlord responsibilities and creates a true hands off investment.
The property is operated by an experienced multi unit operator, which adds confidence in the tenant’s ability to perform and remain committed to the location over the long term.
The lease was originally structured as a 20 year term and currently has approximately 15 years remaining, with expiration on November 30, 2041. In addition, the lease includes four five year extension options, offering continued income potential well beyond the initial term.
Annual rent increases of 1.5 percent are built into both the base term and option periods, providing steady income growth and helping offset inflation over time.
Overall, this investment offers a combination of long term stability, minimal management, and reliable rent growth, making it well suited for investors seeking predictable cash flow with limited oversight.
Highlights
- Dense Trade Area - Located along West 11th Avenue, a primary retail corridor in Eugene, the property benefits from strong retail synergy and proximity to major anchors including Fred Meyer, Homed Depot, and Lowe’s, which drive consistent consumer traffic to the area.
- Experienced Multi-Unit Operator- LRG Restaurant Group, LLC is operated by an experienced KFC franchisee with a 90+ unit portfolio across multiple states. The lease is guaranteed by Argonaut Food Partners, LLC, a proven multi-state operator within the KFC system.
False
Contacts
Rae Nomura, MAI, CCIM
SVN | Imbrie Realty
Location
Located at 3175 W 11th Ave, Eugene, OR 97402, this property is part of the West Eugene neighborhood and Eugene market.
Contact Listing Broker
Rae Nomura, MAI, CCIM
SVN | Imbrie Realty