WALGREENS | $5,453,760 | 6.25% CAP
» ABSOLUTE-NET LEASE THROUGH FEBRUARY 2039 NO LANDLORD RESPONSIBILITIES: Approximately 12.5 Years Of Remaining Lease Term With An Absolute-Net Structure And No Landlord Responsibilities
» 5% SCHEDULED RENT INCREASES | CONTRACTUAL GROWTH THROUGH THE PRIMARY TERM: Annual Rent Increases To $357,903 In March 2029 And $375,798 In March 2034—A 10.25% Increase Over Current Annual Rent
» SIGNALIZED HARD CORNER | MCLOUGHLIN BOULEVARD & WEST ARLINGTON STREET: Positioned At A Signalized Intersection Along OR 99E, With Frontage On An Established Commercial Corridor Connecting Gladstone With The Greater Portland Area
» 14,840-SF BUILDING 1.39-ACRE FEE-SIMPLE OFFERING: Built In 2011 On An Approximately 60,548-SF Parcel, Combining A Freestanding Retail Building With Fee- Simple Ownership
» TWELVE 5-YEAR RENEWAL OPTIONS EXTENDED OCCUPANCY POTENTIAL: 5-The Reported Lease Includes Twelve Additional Five-Year Options, Providing Up To 60 Years Of Renewal Term At The Tenant’s Election1.
» NEARBY HOSPITAL | PROVIDENCE WILLAMETTE FALLS MEDICAL CENTER: Located In Neighboring Oregon City, The 143-Bed, 243,000-SF Acute-Care Hospital Provides A Substantial Healthcare Presence Near The Property
» PORTLAND METROPOLITAN AREA MORE THAN 2.54 MILLION RESIDENTS: Located Within The Portland–Vancouver– Hillsboro MSA, Which Recorded An Estimated Population Of 2,542,282 In 2025
» REGIONAL CONNECTIVITY OR 99E & INTERSTATE 205: Gladstone’s Access To McLoughlin Boulevard And I-205 Connects The Community With Employment, Healthcare, Retail And Educational Destinations Across The Metro
