Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a rare Elements Health Club Portfolio located in the robust Eugene-Springfield, OR trade area. The Tenant recently signed a brand new 20-year NNN lease extension providing an investor with long-term passive cash flow with an average cap rate of 8.41% over the firm term. The Lease encompasses two properties, in Eugene and Springfield, OR, providing the Tenant with access to two separate membership bases. Both properties are within strong retail areas anchored by The Shoppes at Gateway in Springfield and tenants such as Target and Walmart in Eugene. The Eugene-Springfield MSA currently boasts a 1.5% retail vacancy rate and 2.4% annual rent growth, making it one of the strongest retail markets in the state of Oregon, with an incredibly high-barrier to entry. Both buildings feature excellent visibility, with abundant parking and easy access. Within a 5-mile radius of both properties, the population has grown between 11-13% in the last decade and is projected to grow another 4.50% in the next 5 years.