7070 NE Sandy Blvd
Portland, OR 97213
Walgreens | NNN | 14.5 Yrs | $9.3M · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Portland, Oregon. This property is available for purchase and operates on an absolute net lease basis with ±14.5 yrs remaining on the primary lease term, including eleven (5-year) options to follow. Income guaranteed by Walgreens corporation (S&P BBB) investment grade Fortune 500 Company with over 9,500 locations. The subject property is located within the affluent Roseway neighborhood of NE Portland. The subject property is located one block from the signalized intersection of NE Sandy Boulevard & Freemont Street. The subject property is located just five miles northeast from downtown Portland on one of the main thoroughfares leading into the city center. This is the main retail corridor in the area and the subject property is located across the street from a Safeway anchored center and numerous national retail tenants. Portland, and its surrounding metropolitan area, is the largest city in the state of Oregon and the seat of Multnomah County located in the valley between the Pacific and Cascade mountains. The Portland MSA is second only to Seattle as the largest MSA in the entire Northwest region of the US. The Portland Metro area is home to 2.4 million residents which consists of roughly 60% of the entire state’s population.