New Dream Family Center
New Dream Family Center is a fully operational 12,769 SF campus-style childcare facility in Eugene, Oregon, offered at $2,837,000 (6.00% cap, $170,230 NOI) on a modified NNN lease expiring December 31, 2028. The property comprises three buildings—a 10,157 SF main center licensed for 117 children, a 1,598 SF annex licensed for 16, and a 1,014 SF staff residence—totaling 133 licensed capacity across two distinct operating licenses.
The tenant, New Dream Family Center, is a well-established 501(c)(3) nonprofit founded in 2009 that serves the Eugene community with an inclusive Reggio-inspired curriculum emphasizing organic gardening, STEM, and sustainable practices. The organization operates under two separate childcare licenses, offering operational flexibility and future leasing strategy options. The current lease at $14.56/SF annually ($185,856 base rent) includes CPI escalations and carries no renewal options, presenting a significant value-add opportunity for new ownership to bring rates to market upon lease expiration.
The main center, originally a 1958 church extensively remodeled, features eight classrooms, a gymnasium, commercial kitchen, eight ADA-compliant restrooms, and multiple indoor and outdoor play areas. Recent capital improvements include a 23.4-megawatt solar panel array, new membrane roof, updated HVAC systems, energy-efficient lighting, and new ADA bathrooms. The annex, a converted single-family residence, operates as the most profitable area of the center. The residence provides on-site staff housing and security.
The location sits in a high-demand market with 712 children under age 5 within one mile and 3,537 within three miles. The trade area supports strong childcare demand: 5,937 rental units within one mile, median household income of $56,192 within three miles, and 17.8% of the workforce employed in education. The U.S. childcare market is projected to grow at 5.86% CAGR through 2030, driven by parents returning to offices and government funding initiatives.
- Campus-style three-building configuration with 133 total licensed capacity across two independent operating licenses
- Well-established 501(c)(3) nonprofit tenant serving Eugene since 2009; recession-resistant, mission-driven operations
- Modified NNN lease with no renewal options; current rent below market with significant upside at 2028 expiration
- Extensive recent capital improvements including 23.4-megawatt solar array, new roof, updated HVAC, and energy-efficient systems
- Strong demographic demand: 3,537 children under 5 within three miles, high renter population, median income $56,192
- U.S. childcare market growing 5.86% CAGR through 2030 with limited supply and strong tenant stability
More property details
Features & amenities
Location
Located in Eugene, Oregon, the property serves a strong demand market with 712 children under 5 years old within a 1-mile radius and 3,537 within a 3-mile radius. The area features high concentrations of working parents, strong median household incomes ($56,192 within 3 miles), and a large renter-occupied housing population supporting childcare demand.
- Near Adams Elementary School, McCornack Elementary School, César E. Chávez Elementary School, Eugene School District 4J, University of Oregon, and Valley River Center. Strong family-friendly neighborhood with significant young population.
Additional details
- 4-bed, 1.5 bath equivalent
- Converted garage into classroom/living space
- ADA-compliant restroom
- Standard residential kitchen
- Brick fireplace
- Covered deck on three sides
- Uncovered concrete patio
- Gable roof with composition shingles
- Electric baseboard heating
Most profitable area of the Center; backyard spaces contiguous with 1270 & 1290 W 17th Ave
- Occupied by staff member providing security and maintenance
- New roof
- Plumbing and sump pump
- Vinyl windows
- Coved ceilings
- Hardwood floors
- Backyard with playground
- Garden area
- Chicken coop
Staff resident is license holder for New Dream Annex; backyard contiguous with Annex
Create social change through promoting strong families, healthy kids, community connections, and economic security
Inclusive Reggio inspired environments with focus on organic gardening, STEM, and sustainable practices
Entity not for sale; operates under two distinct childcare licenses offering flexibility for future leasing strategies
Covers 100% of electricity, water, gas, sewage, telephone, and all other utilities
Applies for tax exemption; responsible if exemption is denied (except for Residence, which Lessor covers)
Responsible for all interior and exterior upkeep, except for Lessor's structural obligations
Roof, exterior walls, foundation, gutters, downspouts, unexposed electrical/plumbing, and structural sidewalk issues (if reported)
Increased demand due to more parents returning to offices, advancements in learning technologies, and government funding for single and working mothers
- 23.4-megawatt solar array on three sections of membrane roof ($180,000 in 2006)
- Kitchen upgrades and remodel (2009)
- Replacement of all overhead lighting to energy efficient fixtures (2009)
- Electrical rewiring and replacement of service panel (2009)
- Window replacement (2009)
- New exterior siding and insulation
- Addition of overhead radiant heaters
- New ADA bathrooms
- Bryant forced air natural gas heating system and ducting
- Fire door replacement
- New decks
- Main electrical panel replacement
- New membrane roof over the gym
- New fascia