1244 W 17th Ave - Day Care Center FOR SALE


Eugene, OR 97402- Jefferson Westside
$2,837,000 USD
503-964-2730
1244 W 17th Ave, Eugene, OR for Sale
$2,837,000 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 or explore new leasing opportunities. 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. This is an excellent campus-like facility ready for an investor today or an owner-user seeking a facility that will be ready for them in a few years.

FOR SALE DETAILS

PRICE

$2,837,000 USD

PRICE/SF

$222 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

0488955

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.