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First on Broadway 45 W Broadway 9,632 SF 79% Leased 4-Star Retail Building Eugene, OR 97401 $8,574,655 CAD ($890.23 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Rare Downtown Eugene portfolio opportunity with national and long-term tenants on a highly visible corner.
- Ideally 95% leased with stabilized income, the property's value reflects pro forma rent on one vacancy backed by a six-month seller rent guarantee.
- Backed by long-term stability, the anchor tenant, Wells Fargo, is leased through 2030, and Broadway Metro Theater has a lease through 2029.
- Experience elevated curb appeal as both façades were remodeled: 45 W Broadway in 2012 and repainted in 2024.
- Diverse tenant mix of office, retail, and multifamily, creating balanced income streams and reduced vacancy risk for investors.
Executive Summary
Embark on an outstanding Downtown Eugene investment, 45 West Broadway, at a highly visible corner in the heart of Eugene’s urban core. The building offers a rare opportunity to acquire a nearly fully leased property with long-term and national tenants, stabilized cash flow, and value-add upside through future lease-up and rent growth.
The portfolio is 100% occupied! Tenants include Wells Fargo, which has a lease through 2030, and Broadway Metro Theater, which is leased through 2029, providing dependable income from strong credit-worthy anchors.
This property has undergone extensive exterior improvements, enhancing curb appeal and minimizing near-term capital needs. 45 West Broadway received a full façade remodel in 2012 and a fresh repaint in 2024. The building encompasses a mix of office, retail, and multifamily uses, offering diversified income streams and reduced vacancy risk for investors.
The property sits at a prominent downtown intersection with high foot traffic, excellent visibility, and adjacency to Eugene’s best retail, dining, and public transit options. The area is experiencing significant public and private investment, driven by population growth, the University of Oregon’s economic influence, and ongoing revitalization efforts in the downtown core. 45 West Broadway combines stable cash flow with potential for long-term appreciation in one of Oregon’s most dynamic urban markets.
Please note that the adjacent building (856 Willamette) can be purchased in conjunction with 45 West Broadway. The combined price for both assets is $9,341,000, representing a 7.69% combined CAP rate.
The portfolio is 100% occupied! Tenants include Wells Fargo, which has a lease through 2030, and Broadway Metro Theater, which is leased through 2029, providing dependable income from strong credit-worthy anchors.
This property has undergone extensive exterior improvements, enhancing curb appeal and minimizing near-term capital needs. 45 West Broadway received a full façade remodel in 2012 and a fresh repaint in 2024. The building encompasses a mix of office, retail, and multifamily uses, offering diversified income streams and reduced vacancy risk for investors.
The property sits at a prominent downtown intersection with high foot traffic, excellent visibility, and adjacency to Eugene’s best retail, dining, and public transit options. The area is experiencing significant public and private investment, driven by population growth, the University of Oregon’s economic influence, and ongoing revitalization efforts in the downtown core. 45 West Broadway combines stable cash flow with potential for long-term appreciation in one of Oregon’s most dynamic urban markets.
Please note that the adjacent building (856 Willamette) can be purchased in conjunction with 45 West Broadway. The combined price for both assets is $9,341,000, representing a 7.69% combined CAP rate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,632 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1950/2012
Price
$8,574,655 CAD
Price Per SF
$890.23 CAD
Cap Rate
6.25%
NOI
$535,916 CAD
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
C-3 BW/TD
Amenities
- Security System
- Skylights
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Turnkey restaurant space in the heart of Downtown Eugene. The space features a full-service kitchen with a newly installed Type 1 commercial hood, in-suite restrooms, and a large dining area. The basement has two large freezers and a walk-in cooler.
| Space | Size | Space Use | Position | Available |
| 51 | 2,041 SF | Restaurant | End Cap | Now |
51
| Size |
| 2,041 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
51
| Size | 2,041 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
Turnkey restaurant space in the heart of Downtown Eugene. The space features a full-service kitchen with a newly installed Type 1 commercial hood, in-suite restrooms, and a large dining area. The basement has two large freezers and a walk-in cooler.
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $6,617,121 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,617,121 CAD
1 of 36
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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First on Broadway | 45 W Broadway
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