Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a NAPA Auto Parts property located in the Eugene, OR MSA. The tenant recently executed a brand-new 10-year NNN lease, showing strong commitment to the site and offering investors stable, predictable cash flow. The lease features 2.5% annual rent increases throughout the initial term and option periods, providing a reliable hedge against inflation. The property is leased to TWGW, Inc. (Wilson’s Auto Parts), a successful NAPA Auto Parts operator with nearly 40 years of experience and over 20 locations across Northwest Oregon and Southwest Washington. This location ranks in the top 25% of all NAPA Auto Parts stores nationwide, according to Placer.ai, underscoring its operational strength and consistent customer demand. Currently leased at just $9.81/SF NNN, the property is significantly below Lane County’s market average of $17.50/SF NNN, offering long-term upside potential and tenant stability. The NNN lease structure minimizes landlord responsibilities, with ownership only responsible for roof, structure, foundation, and capital expenditures. Strategically positioned along Hwy 99/Ivy Street, the main arterial connecting Eugene and Corvallis, the property benefits from excellent visibility to over 17,400 vehicles per day, ample parking, and easy customer access. Junction City is part of the Eugene MSA, a high barrier-to-entry market with a 2.9% retail vacancy rate and 3.0% average annual rent growth over the past five years. With no new retail construction underway and only 750 SF of space currently available in the entire city, tenant demand remains exceptionally strong. The property is attractively priced at $157/SF—well below replacement cost—offering a compelling value proposition. Junction City has experienced over 31% population growth since 2010, with continued growth projected over the next five years, further supporting long-term retail demand.