Retail

Burger King - Springfield, OR

2790 Gateway St Springfield, Oregon United States 97477-7705
Asking Price
Area Size
NOI Net Operating Income
NIY

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Gross
Land Area Gross ()

Asset Description

JLL is pleased to offer for sale a freestanding, single-tenant Burger King Drive-Thru (the “Property” or “Asset”) located in Springfield, Oregon. This offering features a parcel in the #1 Shopping Center by annual visits in the Eugene-Springfield MSA and includes a lease to a national tenant operating on a 16.5-year lease with zero landlord responsibilities and 3.00% annual increases throughout the primary term and renewal options. 

Investment Highlights

  • Long term Absolute NNN lease with high annual revenue
  • Brand new long-term extension due to site success
  • 99th percentile shopping center by annual visits
  • Below market rent on site that has exposure to 123,000 VPD
  • Adjacent to I-5 and major traffic from the 820,000 SF retail center
  • Proximity to University of Oregon and its 25,000 students & 5,300 employees
Last Updated Date: 14 Feb 2022

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Last Updated Date: 14 Feb 2022

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