Eugene, OR - 7-Eleven & AT&T

Description:

SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest in a 100% leased, two-tenant retail property in Eugene, Oregon. The asset is leased to 7-Eleven and AT&T, both investment-grade tenants on long-term, NNN leases with minimum landlord responsibilities, providing passive income. 7-Eleven has executed a 15-year lease with three (5-year) renewal options, while AT&T recently signed a 10-year lease with two (5-year) renewal options, reflecting their long-term commitment to the site. Both leases feature 10% rental increases every five years, steadily building NOI and offering a built-in inflation hedge. In addition, The subject property has been newly constructed and was recently placed in service, qualifying for 100% bonus depreciation and creating meaningful tax advantages for investors seeking both stable cash flow and immediate depreciation benefits.

The property is ideally positioned across from a Lowe’s & Fred Meyer anchored shopping center in one of Eugene’s busiest retail corridors, surrounded by a strong concentration of national retailers including The Home Depot, Walmart, and Target which drive steady crossover traffic. This synergy enhances long-term tenant performance and provides durable investment stability. The five-mile trade area is supported by over 188,000 residents and 85,000 employees, with an average household income of $94,085, significantly above the national average. Furthermore, the property benefits from its close proximity—just 3.5 miles—to the University of Oregon, a major economic and cultural anchor with more than 23,800 students, further strengthening the direct consumer base and ensuring ongoing demand for essential goods and services provided by the tenants.