Net Leased Key Bank

2829 W 11th Ave, Eugene, OR

$1,590,000

Price

3,495 sqft

Building Size

0.61 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
3,495 sqft
Lot Area
0.61 acres
Occupancy
100%
Class
B
Year Built
1997
Description

PRICE REDUCED. Net leased Key Bank opportunity in Eugene - home of the University of Oregon. The current lease runs through 1/31/2025 with an option to renew for an additional five (5) years through 2030. Key Bank, with more than 1,000 branch locations in 16 states and is recognized as one of the top 20 banks in the United States. With four branches in the market, this branch is uniquely qualified to service all of West Eugene as the only other branches are in the CBD and in North Eugene.

The site has tremendous redevelopment options should the tenant choose to vacate in the future. The subject property is on a hard corner location at the lighted intersection of W. 11th & Conger. Neighboring retailers include Fred Meyer (Kroger), Lowes, Starbucks, and Planet Fitness. A member of the selling entity is a Principal Broker in the State of Oregon.

This property is located 3.5 miles to the University of Oregon, 2.8 miles to the PeaceHealth Sacred Heart Medical Center and 7.6 miles to the Eugene airport.

Highlights
  • $98,746.16 NOI to 1/31/2025
  • Escalates to $108.600 at the next renewal
  • Signalized intersection
Documents
Location
Gallery