Oakway Landing
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Oakway Landing
4 Retail Properties Offered at $20,640,000 in Eugene, OR
Investment Highlights
- HIGH-PERFORMING ASSET WITH LONG-TERM TENANCY: 91% of the net rentable square footage has been occupied by the same businesses for more than 15 years.
- FULLY OCCUPIED RETAIL CENTER WITH NNN LEASES: 100% occupied, with all tenants on NNN leases, ensuring minimal landlord responsibilities.
- PRIME RETAIL LOCATION IN EUGENE’S PREMIER CORRIDOR: Strategically positioned in a high-traffic area by major retailers like Albertsons & HomeGoods.
- HIGH BARRIER TO ENTRY IN A SUPPLY-CONSTRAINED MARKET: Located in a densely populated, high-demand area w/ limited available land for new development.
Executive Summary
Fulcrum Pacific has been exclusively selected to market for sale Oakway Landing, a fully stabilized retail center in Eugene, Oregon’s prime retail corridor. This 80,996 square foot shopping center is 100% occupied by seven tenants, with over 91% of the gross leasable area occupied by long-term tenants for more than 15 years, demonstrating strong tenant loyalty and consistent demand. The property spans 5.53 acres with four buildings and is priced significantly below replacement cost, presenting a compelling opportunity for investors seeking a high-performing, generational asset with future redevelopment potential.
Oakway Landing is ideally situated just off the I-105 exit and directly across from Eugene’s premier shopping destination, Oakway Center, benefiting from high visibility and heavy traffic. The property is surrounded by major retailers such as Albertsons, TJ Maxx, and HomeGoods, as well as being close to the Eugene Country Club and the University of Oregon. The center hosts a varied mix of regional and local service-based tenants, providing stability and resilience against economic fluctuations. With all NNN leases, the property ensures a reliable income stream with minimal landlord involvement. Its location in a densely populated and high-demand area, coupled with limited land available for new development, enhances its investment potential, offering significant opportunities for long-term value appreciation and redevelopment.
Oakway Landing is ideally situated just off the I-105 exit and directly across from Eugene’s premier shopping destination, Oakway Center, benefiting from high visibility and heavy traffic. The property is surrounded by major retailers such as Albertsons, TJ Maxx, and HomeGoods, as well as being close to the Eugene Country Club and the University of Oregon. The center hosts a varied mix of regional and local service-based tenants, providing stability and resilience against economic fluctuations. With all NNN leases, the property ensures a reliable income stream with minimal landlord involvement. Its location in a densely populated and high-demand area, coupled with limited land available for new development, enhances its investment potential, offering significant opportunities for long-term value appreciation and redevelopment.
Property Facts
Price | $20,640,000 | Status | Active |
Price / SF | $267.26 / SF | Number of Properties | 4 |
Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
Cap Rate | 6.70% | Total Building Size | 77,227 SF |
Sale Type | Investment NNN | Total Land Area | 6.56 AC |
Price | $20,640,000 |
Price / SF | $267.26 / SF |
Sale Conditions | Bulk/Portfolio Sale |
Cap Rate | 6.70% |
Sale Type | Investment NNN |
Status | Active |
Number of Properties | 4 |
Individually For Sale | 0 |
Total Building Size | 77,227 SF |
Total Land Area | 6.56 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
150 Oakway Rd, Eugene, OR 97401 | Retail | 14,634 SF | - | - |
170 Oakway Rd, Eugene, OR 97401 | Retail | 14,131 SF | - | - |
160 Oakway Rd, Eugene, OR 97401 | Retail | 29,317 SF | 2002 | - |
140 Oakway Rd, Eugene, OR 97401 | Retail | 19,145 SF | - | - |
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