WALGREENS | $5,681,000 | 6.00% CAP
» Absolute Net Lease (No Landlord Responsibilities): 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5 Years.
» Signalized Hard Corner Location: Walgreens is Located at McLoughlin Blvd & West Arlington Street Overseeing 41,600+ Vehicles Per Day. McLoughlin Blvd is the Most Traveled Thoroughfare in Gladstone and Connects to Portland.
» Near Major Hospital: 1.5 Miles from Walgreens Resides Providence Willamette Falls Medical Center A 101 Medical Bed Facility, the Largest Hospital in the Region.
» Corporate Guaranty: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
» Strong Demographics: The 5-Mile Trade Area Supports Over 181,400+ Residents with an Average Household Income Exceeding $113,241.
» Stable Investment Grade Tenant: Walgreens Boots Alliance is Publicly Traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated “BBB-” by S&P