Highlights
• Established Tenant – Operating since 2009, New Dream Family Center is a trusted nonprofit that delivers vital childcare services to the local community • Prime Location – Positioned in a densely populated area with 8,355 children under age five within a 5-mile radius, and facing minimal competition • Upside Opportunity – The current lease is below market rate and lacks renewal options, offering new ownership a strong value-add opportunity through lease renegotiation
Description
Exceptional Investment Opportunity – New Dream Family Center | Eugene, OR .Presenting a compelling investment in Eugene, Oregon: the New Dream Family Center, a 12,769 SF childcare facility situated across three buildings on a 24,523 SF parcel. The property is currently leased to a reputable 501(c)(3) nonprofit operator through 2028, providing a strong foundation for stable cash flow.The lease, currently below market rate, offers substantial value-add potential—with no renewal options in place, new ownership can realign rent, tenant reimbursements, and introduce escalations to enhance returns.Significant capital upgrades have already been made, including solar energy systems, new roofing, and enhanced energy-efficient infrastructure—translating to long-term operational savings. The site features a campus-style layout, ample playground space, and multiple classrooms, designed to serve a licensed capacity of 133 children. With limited competing facilities in the area, the tenant is highly motivated to secure a long-term renewal, offering investors an opportunity to lock in favorable terms. Located at 1295 W 18th Ave, this property is one of Eugene’s premier childcare centers and a rare opportunity to acquire a mission-driven tenant in a high-demand sector.
Listing Details
- Cap Rate
6%
- Tenancy
Single
- Space Type
retail
- Sub Category
child-care-day-care
- Sale Type
Investment Sale
- Date Listed
4/3/2025
- Building FAR
0.52
Property Specifics
- Property Name
1244 W 17th Ave
- No of Buildings
1
- No of Stories
1
- Year Built
1990
- Building Size
12,769 SF
- Lot Size
0.56 AC
- Year Renovated
2023
- APN
0488955
- Zoning
R-1 - Single-Family Residential w/Conditional Use Permit