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.
- 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