Retail

Original Roadhouse Grill - Springfield, Oregon

3018 Gateway St Springfield, Oregon United States 97477-1087
Asking Price
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NOI Net Operating Income
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Documents

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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.

Key facts

Year Built 2000
Building Area Gross
Land Area Gross ()

Property description

Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker is pleased to offer for sale a ground lease to a freestanding, single-tenant Original Roadhouse Grill (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 tenant operating on a 13-year lease with zero landlord responsibilities and 10% rental increases every five years throughout the primary term and two renewal options. The site sits within a major growth market due to the favorable macro-economic environment in both Springfield and the state of Oregon. The site is a top-performing Original Roadhouse Grill by annual sales.

Investment highlights

  • Ground lease with no landlord responsibilities 
  • 8-Unit operator expanding to new markets
  • Top-performing site by annual sales across portfolio
  • Pad site in 99th percentile shopping center by annual visits
  • Below market rent 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: 08 Mar 2022

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Last Updated Date: 08 Mar 2022

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