Retail

Oakway Landing

  160 Coburg Rd, Eugene, OR 97401

Property Details

Price $19,640,000
Cap Rate 6.91%
Number of Tenants 7
Price/SF $242.48
Rentable Square Footage 80,996 SF
Site Area 5.53 Acres
Occupancy 100%

Property Description

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.

Property Highlights

  • HIGH-PERFORMING ASSET WITH LONG-TERM TENANCY: Over 91% of the net rentable square footage has been occupied by the same businesses for more than 15 years, reflecting a strong tenant commitment and consistent demand for the location.

  • PRIME RETAIL LOCATION IN EUGENE’S PREMIER CORRIDOR: Strategically positioned immediately off the I-105 exit, in a high-traffic area supported by major retailers like Albertsons and HomeGoods, and in proximity to the Eugene Country Club and the University of Oregon.

  • FULLY OCCUPIED RETAIL CENTER WITH NNN LEASES: The center is 100% occupied, with all tenants on NNN leases, ensuring minimal landlord responsibilities and providing a stable and predictable income stream.

  • STRONG MARKET FUNDAMENTALS WITH HIGH-DENSITY SURROUNDINGS: Positioned in an area with robust residential and retail density, surrounded by prominent credit tenants, contributing to the asset’s stability and growth potential. prominent credit tenants, contributing to the asset’s stability and growth potential.

  • HIGH BARRIER TO ENTRY IN A SUPPLY-CONSTRAINED MARKET: Located in a densely populated, high-demand area with limited available land for new commercial development, enhancing the property’s investment appeal.

Contact the Brokers

Olivia Franssen

Broker - Retail

  (541) 337-7019

  olivia@fulcrumpac.com

  OR 201243207

Nick Bushong

Principal Broker - Retail

  (503) 778-0362

  nick@fulcrumpac.com

  OR 201209786