Auto Parts
Advance Auto Parts and Therapy Plus
450 NE Stephens St, Roseburg, OR 97470
Listing Price: $2,138,000
Investment Overview
Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts and Therapy Plus along Northeast Stephens Street in Roseburg, Oregon. The offering includes three contiguous parcels, spanning a total of 1.27 acres, two buildings and a billboard revenue stream providing additional income. Advance Auto Parts has continuously operated at the site since 2003, extending their lease on four separate occasions and most recently exercising early on a 5-year option which is set to commence on October 1st, 2023 through September 30th, 2028. Therapy Plus has served the Roseburg market for over 10 years providing extensive rehabilitation services to all ages. Therapy Plus occupies a 2015 build to suit building adjacent to Advance Auto Parts, operating on a passive NNN lease with 2% annual rent increases. The property benefits from excellent visibility and access for the 17,000 cars passing daily. Roseburg, OR is the county seat of Douglas County and home to over 24,000 residents. The population has experienced steady year-over-year growth over the last several decades. Roseburg is about 70 miles south of Eugene and 70 miles north of Grants Pass and situated at the junction Interstate 5 and Oregon Route 138.
Advance Auto Parts and Therapy Plus
Investment Highlights
- Ideal Visibility Along NE Stephens – Center Turn Lane Provides 17,000+ Cars Passing Daily with Easy Access
- Corporate Guaranteed Passive Double Net Lease – Parking Lot Sealed in 2022 – Underwriting Accounts for $0.50/SF of Reserves
- Recent Early 5 Year Extension with Rent Increase and Additional Option Added – Two 5-Year Options Remain w/ Rent Increases
- 20+ Years Historical Occupancy – Advance Auto Has Extended Lease on Four Separate Occasions
Exclusively Listed By
Broker of Record
Listing Price: $2,138,000
Investment Highlights
- Ideal Visibility Along NE Stephens – Center Turn Lane Provides 17,000+ Cars Passing Daily with Easy Access
- Corporate Guaranteed Passive Double Net Lease – Parking Lot Sealed in 2022 – Underwriting Accounts for $0.50/SF of Reserves
- Recent Early 5 Year Extension with Rent Increase and Additional Option Added – Two 5-Year Options Remain w/ Rent Increases
- 20+ Years Historical Occupancy – Advance Auto Has Extended Lease on Four Separate Occasions
Investment Overview
Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts and Therapy Plus along Northeast Stephens Street in Roseburg, Oregon. The offering includes three contiguous parcels, spanning a total of 1.27 acres, two buildings and a billboard revenue stream providing additional income. Advance Auto Parts has continuously operated at the site since 2003, extending their lease on four separate occasions and most recently exercising early on a 5-year option which is set to commence on October 1st, 2023 through September 30th, 2028. Therapy Plus has served the Roseburg market for over 10 years providing extensive rehabilitation services to all ages. Therapy Plus occupies a 2015 build to suit building adjacent to Advance Auto Parts, operating on a passive NNN lease with 2% annual rent increases. The property benefits from excellent visibility and access for the 17,000 cars passing daily. Roseburg, OR is the county seat of Douglas County and home to over 24,000 residents. The population has experienced steady year-over-year growth over the last several decades. Roseburg is about 70 miles south of Eugene and 70 miles north of Grants Pass and situated at the junction Interstate 5 and Oregon Route 138.
Exclusively Listed By
Broker of Record
