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Walgreens w/ 5% Increases | High Performer 1080 SW 1st Ave 14,820 sq ft Retail Property Canby, OR 97013 £3,507,536 (£236.68/sq ft) 6.40% Net Initial Yield
Investment Highlights
- ABSOLUTE-NET LEASE (NO LANDLORD RESPONSIBILITIES): 13 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+ 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
Property Size
14,820 sq ft
Costar Property Class
B
Year Built
2007
Price
£3,507,536
Price per sq ft
£236.68
Yield
6.40%
NOI
£224,482
Tenancy
Single
Number of Floors
1
Plot ratio
0.24
Total Plot Size
1.39 ac
Use Class
CM - Commercial Manufacturing
Parking
58 Spaces (3.9 Spaces per 1,000 sq ft Leased)
Amenities
- Corner Lot
- Signage
- Signalised Intersection
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease Type
- Lease End
-
- Retailer
- 14,820 sq ft
- £15.04
- NNN
- Feb 2038
Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease Type | Lease End | |
|
|
Retailer | 14,820 sq ft | £15.04 | NNN | Feb 2038 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01732904 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £3,791,026 |
Property Taxes
Parcel Number
01732904
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£3,791,026
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Walgreens w/ 5% Increases | High Performer | 1080 SW 1st Ave
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