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WALGREENS  |  $5,453,760  |  6.25% CAP

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» 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

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» 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

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» 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

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PRESENTED BY:

PETER DELTONDO
Founder, Deltondo Advisory Group
(949) 698-2609
pdeltondo@marcusmillichap.com
Lic. CA 01797033

BROKER OF RECORD
David Tabata
License: 201224889

© 2026 Deltondo Advisory Group of Marcus & Millichap Newport Beach

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