Walgreen's | 1080 SW 1st Ave
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Walgreen's 1080 SW 1st Ave
14,820 SF Retail Building Canby, OR 97013 $4,631,000 ($312/SF) 6.40% Cap Rate
Investment Highlights
- ABSOLUTE-NET LEASE (NO LANDLORD RESPONSIBILITIES): 14.25 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases.
- NEARBY MAJOR SCHOOLS: Walgreens Business Benefits from Being Close to Six Schools Totaling 3,400+ Students.
- STRONG CORPORATE GUARANTY: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
- STRATEGIC SIGNALIZED HARD CORNER LOCATION
- ADJACENT TO SAFEWAY ANCHORED SHOPPING CENTER
- STRONG PERFORMING LOCATION: High Sales Reported - Contact Broker for Details
Executive Summary
» ABSOLUTE-NET LEASE (NO LANDLORD RESPONSIBILITIES): 13.5+ Years Remaining on Recently Signed 15-Year
Term. Lease Features Rare 5% Rental Increases Every 5 Years.
» STRATEGIC SIGNALIZED HARD CORNER LOCATION: Walgreens is Located on Southwest 1st Avenue Overseeing
29,300+ VPD.
» NEARBY MAJOR SCHOOLS: Walgreens Business Benefits from Being Close to Six Schools Totaling 3,400+ Students.
» ADJACENT TO SAFEWAY ANCHORED SHOPPING CENTER: Across 1st Avenue from Walgreens, Resides a
Safeway Anchored Center with other National Tenants Such As: Ace Hardware, Dollar Tree, AT&T, and Starbucks.
Other Surrounding Tenants Include: Panda Express, AutoZone, KFC, Dutch Bros Coffee, to Name a Few.
» STRONG CORPORATE GUARANTY: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico,
and the U.S. Virgin Islands.
» STRONG DEMOGRAPHICS IN TRADE AREA: The 5-Mile Trade Area Supports Over 45,000+ Residents with
an Average Household Income Exceeding $107,000.
» STRONG PERFORMING LOCATION: High Sales Reported - Contact Broker for Details.
Term. Lease Features Rare 5% Rental Increases Every 5 Years.
» STRATEGIC SIGNALIZED HARD CORNER LOCATION: Walgreens is Located on Southwest 1st Avenue Overseeing
29,300+ VPD.
» NEARBY MAJOR SCHOOLS: Walgreens Business Benefits from Being Close to Six Schools Totaling 3,400+ Students.
» ADJACENT TO SAFEWAY ANCHORED SHOPPING CENTER: Across 1st Avenue from Walgreens, Resides a
Safeway Anchored Center with other National Tenants Such As: Ace Hardware, Dollar Tree, AT&T, and Starbucks.
Other Surrounding Tenants Include: Panda Express, AutoZone, KFC, Dutch Bros Coffee, to Name a Few.
» STRONG CORPORATE GUARANTY: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico,
and the U.S. Virgin Islands.
» STRONG DEMOGRAPHICS IN TRADE AREA: The 5-Mile Trade Area Supports Over 45,000+ Residents with
an Average Household Income Exceeding $107,000.
» STRONG PERFORMING LOCATION: High Sales Reported - Contact Broker for Details.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2007
Price
$4,631,000
Price Per SF
$312
Cap Rate
6.40%
NOI
$296,384
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Land Acres
1.39 AC
Zoning
CM, Canby - Commercial Manufacturing
Parking
58 Spaces (3.9 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01732904 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,752,945 |
PROPERTY TAXES
Parcel Number
01732904
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,752,945
-
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Walgreen's | 1080 SW 1st Ave
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