499 Valley River Center, Eugene, OR 97401

Government-Backed Credit Tenant: The State of Oregon (S&P: AA+; Moody’s: Aa1) serves as the primary tenant entity for all Oregon Driver & Motor Vehicle Services (DMV) locations. As a division of the Oregon Department of Transportation (ODOT), the DMV’s real estate requirements are centrally managed by the Department of Administrative Services (DAS), which negotiates and executes leases on behalf of the state.

Net Lease with Annual Rent Increases: The Eugene DMV‘s net lease features ±6.6 years of term remaining with 3% annual rent increases throughout the term and in each of the two, 5-year renewal options.

Excellent Interstate Access: Located just 3 miles outside of downtown Eugene, the property 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: The Eugene DMV 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, FootLocker, 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 for its 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.