1990 11Th AveEugene, OR 97402

This exceptional investment opportunity features a 7,912 square foot freestanding retail building located at 1990 W 11th Ave, Eugene, OR 97402. The property, built in 2009 and extensively renovated in 2022 (including a new membrane roof and complete repaint), sits on a 0.45-acre lot in a high-traffic area of the W 11th Avenue retail corridor, boasting 36,660 vehicles passing daily. Currently leased to Aaron's Rent-to-Own under a triple-net (NNN) lease, this single-tenant property offers a strong, corporate-guaranteed income stream with an asking price of $1,978,000 and a 6.40% cap rate. The lease generates a net operating income (NOI) of $126,596 annually and expires December 31, 2027, with two 5-year renewal options, each including a 10% rental increase. This presents a secure, long-term investment with significant upside potential. The property's prime location and recent renovations ensure minimal maintenance costs, maximizing return on investment. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable market.