1244 W 17th Ave - Day Care Center FOR SALE


Eugene, OR 97402- Jefferson Westside
$2,387,000 USD
503-964-2730
1244 W 17th Ave, Eugene, OR for Sale
$2,387,000 USD
Day Care Center - FOR SALE
1/15
null | 6% Cap Rate

1244 W 17th Ave
Eugene, OR 97402
Jefferson Westside


HIGHLIGHTS

  • Stable Tenant – Operating since 2009, New Dream Family Center provides essential childcare services to the community and is a non-profit organization
  • Value-Add Potential – Below-market lease with no renewal options, giving new ownership significant upside at lease re-negotiation.
  • Strategic Location – Situated in a high-demand area with 8,355 children under five years old within a 5-mile radius, with limited competition.

OVERVIEW

NEW DREAM FAMILY CENTER in Eugene, OR presents an exceptional investment opportunity with significant upside potential. The 12,769 SF property, featuring three buildings on a 24,523 SF site, is leased to the well-established 501(c)(3) nonprofit New Dream Family Center until 2028. The current lease, priced below market rent, offers a valuable value-add opportunity for new ownership. With no renewal options in place, new owners can optimize rental rates, tenant expenses, and implement standard escalations. Recent capital improvements include a solar panel installation, upgraded roofing, and energy-efficient systems, ensuring operational efficiency and cost savings. The property's campus-like setting, extensive playgrounds, and multiple classrooms create a welcoming environment for the licensed capacity of 133 children. With limited alternative options in the area, the tenant is motivated to negotiate a new lease, securing stable returns for investors. Don't miss out on this stable and essential tenant in one of Eugene's premier childcare facilities at 1295 W 18th Ave, Eugene, OR.

FOR SALE DETAILS

PRICE

$2,387,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dream Family Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,523 SF

ZONING

R-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rebecca O'LearyKidder MathewsMore Info
503-964-2730

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Rebecca O'LearyKidder MathewsMore Info
503-964-2730

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.