Advance Auto Parts & Therapy Plus
450-470 NE Stephens St,
Roseburg, OR 97470
Two-Tenant NNN Retail & Medical
$2,450,000
Offering Price
$135,008
NOI
5.51%
Cap Rate
$236
Price Per SF
10,400
Building SF
Multiple
Tenancy
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$2,450,000
Offering Price
$135,008
NOI
5.51%
Cap Rate
$236
Price Per SF
10,400
Building SF
Multiple
Tenancy
INVESTMENT OVERVIEW
Essential CRE, in association with ParaSell, Inc, is pleased to present the opportunity to acquire two, single-tenant freestanding structures leased by Advance Auto Parts and Therapy Plus in the thriving market of Roseburg, OR. The subject properties consist of two buildings on separate parcels; 5,900 SF - Advanced Auto Parts, 4,500 SF - Therapy Plus and reside on 1.25 acres of land situated on Highway 99 NE Stephens Street, a Roseburg arterial with average daily traffic of 24,573 vehicles per day. Both tenants are on net leases with minimal landlord responsibilities and scheduled rent increases throughout both lease terms. This site benefits from long-term historical tenancy demonstrating operator commitment to these locations.
INVESTMENT HIGHLIGHTS
Two Tenant NNN Retail & Medical Investment Opportunity in Thriving Southern Oregon Market
Advance Auto Parts (NYSE: AAP) has Operated at this Location for 20 Years; Ample Parking, Excellent Visibility & Monument Signage
Owner Benefits from Additional Billboard Income, Frequent Rent Increases and Very Limited Landlord Responsibilities
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
Scott Reid
ParaSell, Inc
(949) 942-6585
scott@parasellinc.com
OR 201233666
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