BJ's Restaurant & Brewhouse: Eugene, OR
Retail | 5.25% CAP | 9,094 SqFt
Marketing description
CBRE is pleased to offer for sale the ±7.4-year BJ‘s Restaurant NNN ground lease situated on approximately 0.72 acres in Eugene, OR (MSA Population: 392,601). The lease includes a 10%rent increase in 2028 and in each of the two, 5-year renewal options. By visits, this site ranks among the top 7% of BJ’s Restaurant & Brewhouse locations nationwide and is the #1 ranking location in the state of Oregon, according to Placer.ai.
Investment highlights
NNN Ground Lease with Near Term Bump: BJ’s NNN ground lease features ±7.4 years of term remaining with a 10% rent increase in 2028 and in each of the two, 5-year renewal options.
Top-Visited Location: By visits, this site ranks among the top 7% of BJ’s Restaurant & Brewhouse locations nationwide and is the #1 ranking location in the state of Oregon, according to Placer.ai.
Excellent Interstate Access & Visibility: Located just 3 miles outside of downtown Eugene, the 9,094-square-foot building is positioned with excellent access off of Valley River Drive (5,262 VPD), less than a mile from the on-ramp to Delta Highway (45,200 VPD) and its interchange with I-105 (75,300 VPD), which forms a northern bypass of Eugene. Additionally, the site is roughly 3 miles west of the I-105 and I-5 junction, offering convenient interstate accessibility.
Outparcel to Valley River Center: BJ’s Restaurant & Brewhouse is an outparcel to the 814,000-square-foot Valley River Center—a major super-regional shopping mall that serves as one of Eugene’s primary retail destinations. With nearly 90 stores and 20 dining options, the mall is anchored by JCPenney, Macy’s, Regal Cinemas, and Round One Entertainment, and is also home to H&M, American Eagle, Foot Locker, Maurices, LOFT, GNC, and more. Over the last 12 months, the mall has welcomed over 762,000 visitors throughout 2.9 million visits (Placer.ai), generating significant traffic around the site.
Less Than 3 Miles to University of Oregon: The property is 2.9 miles northwest of the University of Oregon’s 295-acre campus, which enrolls 24,462 students and is a flagship public research university known forits strong academics, sustainability focus and scenic Pacific Northwest setting. The university has grown into an R1 institution, recognized for excellence in environmental studies, journalism, business and sciences. Beyond its academic contributions, the University of Oregon has a significant economic impact on the state, generating an estimated $3.7 billion annually and supporting over 21,500 jobs for Oregonians.
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