1080 SW 1st Ave - Drug Store FOR SALE


Canby, OR 97013
$4,631,000 USD
949-419-3267
1080 SW 1st Ave, Canby, OR for Sale
$4,631,000 USD
Drug Store - FOR SALE
1/18
null | 6.4% Cap Rate

1080 SW 1st Ave
Canby, OR 97013


HIGHLIGHTS

  • ABSOLUTE-NET LEASE (NO LANDLORD RESPONSIBILITIES): 13 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases.
  • STRATEGIC SIGNALIZED HARD CORNER LOCATION
  • NEARBY MAJOR SCHOOLS: Walgreens Business Benefits from Being Close to Six Schools Totaling 3,400+ Students.
  • ADJACENT TO SAFEWAY ANCHORED SHOPPING CENTER
  • STRONG CORPORATE GUARANTY: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
  • STRONG PERFORMING LOCATION: High Sales Reported - Contact Broker for Details

OVERVIEW

» 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.

FOR SALE DETAILS

PRICE

$4,631,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens w/ 5% Increases | High Performer

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

CM

APN/PARCEL ID

01732904

ASK ABOUT THIS PROPERTY

Peter DeltondoDeltondo Advisory GroupMore Info
949-419-3267

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Peter DeltondoDeltondo Advisory GroupMore Info
949-419-3267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.