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1320 W 7TH AVE Eugene, OR 97402
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Key Details
Sold Price $8,750,000
Property Type Commercial
Sub Type Income
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $1,458
MLS Listing ID 23485243
Sold Date 07/17/24
Year Built 2023
Annual Tax Amount $27,378
Tax Year 2023
Lot Size 1.090 Acres
Property Description
NNN Investment Opportunity! New Development, consisting of two buildings, one leased to 7-Eleven C-Store with Fuel and other to Black Rock Coffee. 7-Eleven opened for business Dec 2023. They have a new 15-year term, with increases every 5 years. Real Estate professionals can take advantage of the bonus depreciation. Black Rock was completed January, estimated to be open in Feb. 2024. 15 year term with increases every 5 years. Estimated NOI $527,503 / offered at a 5.65% cap.
Location
State OR
County Lane
Area _245
Zoning S-C
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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