This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
MAJ Commercial Real Estate is excited to present an exceptional opportunity to acquire a Absolute NNN Leased Investment located in Eugene, Oregon. This prime property features the globally recognized 7-Eleven corporation which includes a fuel station and a brand new 15-year lease, as well as a Black Rock Coffee also on a brand new 15-year lease. Positioned on a 1.09 acre lot and featuring a Monument Sign, this site is ideally located at the intersection of
W 7th Ave and Polk street. Some of the surrounding businesses include, Jack in the Box, Express Inn & Suites, Taco Bell, McDonalds and much more.
7-ELEVEN ADDRESS:
BLACK ROCK COFFEE ADDRESS:
TENANTS:
1320 W 7th Ave., Eugene, OR
1340 W 7th Ave., Eugene, OR
7-ELEVEN AND BLACK ROCK COFFEE
Hard Corner Location on W 7th Ave and Polk Street (Combined 32,000 VPD)
LEASE TYPE: Absolute NNN
YEAR BUILT:
BUILDING SIZE:
2023 / 2024
7-Eleven ±4,100 SF
Black Rock ±1,900 SF
LAND SIZE: ±1.09 Acres
7-Eleven may Qualify for Bonus Depreciation (consult with your Tax Advisor) giving the Buyer a Significant Tax Advantage
Both Tenants pay a $400 Management Fee allowing the Buyer to have the Property Professionally Managed at No Additional Cost
LEASE GUARANTOR: 7-Eleven Corporate
PARENT COMPANY: Seven & I Holdings
NUMBER OF LOCATIONS: 78,029 (2021)
HEADQUARTERS: Irving, TX
WEBSITE: www.7-eleven.com
PROPERTY ADDRESS: 1320 W 7th Ave., Eugene, OR
GUARANTOR: 7-Eleven Corporate
OWNERSHIP TYPE:
Fee Simple
SQUARE FOOTAGE: ±4,100 SF
TERM: 15-Years
EXTENDED TERMS: Three, 5-Year Options
LEASE TYPE:
Absolute NNN
LANDLORD RESPONSIBLE: None
COMMENCEMENT DATE: October 2023
MANAGEMENT FEE: $400 Per Month
7-Eleven, Inc. (often abbreviated as SEI) is an American convenience store chain, headquartered in Irving, Texas and owned by Japanese Seven & I Holdings through Seven-Eleven Japan Co., Ltd. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote’m Stores between 1928 and 1946. After Ito-Yokado, a Japanese supermarket chain and the parent company of SevenEleven Japan, acquired a 70% stake in the company in 1991, the company became a whollyowned subsidiary of Seven-Eleven Japan in November, 2005
While operating under its namesake brand globally, within the United States it operates as 7-Eleven nationally, as Speedway nationally but mostly in the Midwest & East Coast, and as Stripes Convenience Stores within the South Central United States; both Speedway and Stripes operate alongside 7-Eleven’s namesake stores in several markets. 7-Eleven also operates A-Plus locations with the name licensed from owner and fellow Metroplex-based Energy Transfer Partners, though most of these stores have since been rebranded as standard 7-Eleven stores
LEASE GUARANTOR: Black Rock Coffee Corporate
PARENT COMPANY: Black Rock Coffee
NUMBER OF LOCATIONS: 115
HEADQUARTERS: Beaverton, OR
WEBSITE: www.br.coffee
PROPERTY ADDRESS:
1340 W 7th Ave., Eugene, OR
GUARANTOR: Black Rock Coffee Corporate
OWNERSHIP TYPE:
Fee Simple
SQUARE FOOTAGE: ±1,900 SF
TERM: 15-Years
EXTENDED TERMS: Four, 5-year Options
LEASE TYPE: Absolute NNN
LANDLORD RESPONSIBLE: None
COMMENCEMENT DATE: February 2024
MANAGEMENT FEE: $400 Per Month
7-Eleven, Inc. (often abbreviated as SEI) is an American convenience store chain, headquartered in Irving, Texas and owned by Japanese Seven & I Holdings through Seven-Eleven Japan Co., Ltd. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote’m Stores between 1928 and 1946. After Ito-Yokado, a Japanese supermarket chain and the parent company of SevenEleven Japan, acquired a 70% stake in the company in 1991, the company became a whollyowned subsidiary of Seven-Eleven Japan in November, 2005
While operating under its namesake brand globally, within the United States it operates as 7-Eleven nationally, as Speedway nationally but mostly in the Midwest & East Coast, and as Stripes Convenience Stores within the South Central United States; both Speedway and Stripes operate alongside 7-Eleven’s namesake stores in several markets. 7-Eleven also operates A-Plus locations with the name licensed from owner and fellow Metroplex-based Energy Transfer Partners, though most of these stores have since been rebranded as standard 7-Eleven stores
Eugene is a city in the U.S. state of Oregon, in the Pacific Northwest. It is at the southern end of the verdant Willamette Valley, near the confluence of the McKenzie and Willamette rivers, about 50 miles (80 km) east of the Oregon Coast.
As of the 2010 census, Eugene had a population of 156,185; it is the county seat of Lane County and the state’s third most populous city after Portland and Salem, though recent state estimates suggest its population may have surpassed Salem’s. The Eugene-Springfield, Oregon metropolitan statistical area (MSA) is the 146th largest metropolitan statistical area in the US and the third-largest in the state, behind the Portland Metropolitan Area and the Salem Metropolitan Area. The city’s population for 2019 was estimated to be 172,622 by the U.S. Census.
Eugene is home to the University of Oregon, Bushnell University, and Lane Community College. Several spots within Eugene are believed to be inspiration for locations in The Simpsons. This includes Max’s Tavern and the Oregon Pioneer statue on campus. The city is noted for its natural environment, recreational opportunities (especially bicycling, running/jogging, rafting, and kayaking), and focus on the arts, along with its history of civil unrest, protests, and green activism. Eugene’s official slogan is “A Great City for the Arts and Outdoors”. It is also referred to as the “Emerald City” and as “Track Town, USA”. The Nike corporation had its beginnings in Eugene.
W 6TH AVE
SUBJECT PROPERT
W 7TH
