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Walgreens w/ 5% Increases | High Performer 1080 SW 1st Ave 14,820 SF Retail Building Canby, OR 97013 $6,350,953 CAD ($428.54 CAD/SF) 6.40% Cap Rate
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
Building Size
14,820 SF
Building Class
B
Year Built
2007
Price
$6,350,953 CAD
Price Per SF
$428.54 CAD
Cap Rate
6.40%
NOI
$406,461 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.39 AC
Zoning
CM - Commercial Manufacturing
Parking
58 Spaces (3.9 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,820 SF
- $27.43 CAD
- Triple Net
- Feb 2038
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,820 SF | $27.43 CAD | Triple Net | Feb 2038 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01732904 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $6,915,145 CAD |
PROPERTY TAXES
Parcel Number
01732904
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,915,145 CAD
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Walgreens w/ 5% Increases | High Performer | 1080 SW 1st Ave
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