Northwest Eye Center | Vision Surgery Laser Center

2435 NW Kline St,
Roseburg, OR 97471

Two Tenant Net Leased Medical Office

$5,700,000
Offering Price
Multiple
Tenancy
6.97%
Cap Rate
44,431
Land SF
$397,138
NOI
1.02
Land Acres
$5,700,000
Offering Price
Multiple
Tenancy
6.97%
Cap Rate
44,431
Land SF
$397,138
NOI
1.02
Land Acres

INVESTMENT HIGHLIGHTS

  • Vision Surgery and Laser Center near Mercy Medical Center & VA Roseburg Health Care System
  • Fully Occupied with Two, 10-Year NNN Leases on Parallel Terms (Over 1 Year Remaining) with 2.5% Annual Escalations
  • Highly-Visible Corner Location with Ample Parking on 1 Acre Lot; Quick Access to Interstate 5 and Roseburg Regional Airport
  • Strategically Situated in Healthcare District and within Close Proximity to Major Retailers; Walmart, Walgreens, Marshalls & Staples

MARKET OVERVIEW

  • Roseburg is situated at the heart of the Hundred Valleys of the Umpqua in scenic, Southwestern Oregon. On Interstate 5, it is 67 miles south of the state’s second largest city, Eugene, and 123 miles north of the California border. Traveling by State Highway 38/138 or 42, Roseburg is about 80 miles inland from the Pacific coastal communities Reedsport and Coos Bay. Highway 138 continues east from the city along the North Umpqua river. It is 79 miles to Diamond Lake at the summit of the Oregon Cascades and just 20 miles more to Crater Lake National Park.
  • Roseburg is the county seat and largest city in Douglas County. The population is 24,820 with an urban daytime population of approximately 60,000. Roseburg is the hub of retail, government activity and medical services for Central Douglas County. The City is served by Roseburg School District #4, which has an excellent reputation and community support. Umpqua Community College is 5 miles north of the City and offers a varied curriculum with extensive adult education and community oriented classes. Multiple locations at the college are available for cultural activities, and there is a thriving community theater group with its own venue in a city park. The city boasts numerous park areas, including tennis courts, soccer and ball fields, a 9-hole golf course, skate park, disc golf course, dog park and walking trails.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282