144 SW 20th St | Pendleton, OR 97801
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
144 SW 20th St
Pendleton, OR 97801
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment-Grade Credit – Walgreens remains contractually obligated to pay $350,000 annually through May 2033, offering secure and predictable cash fl
- Subleased to NAPA Auto Parts – NAPA occupies the entire premises under a sublease from Walgreens, providing additional operational stability and long-
- Future Opportunity – Upon lease expiration in 2033, investors will have the option to negotiate directly with NAPA or re-tenant at market rates to opt
- Absolute NNN Lease Structure – The lease is absolute triple net, with Walgreens responsible for all property expenses, including taxes, insurance, and
- Attractive 10.6% CAP Rate – Priced at $3,300,000, the asset delivers strong yield for investors seeking reliable, long-term passive income with minima
- Tight Retail Market – Pendleton features a low vacancy retail environment with limited commercial inventory, supporting long-term rent growth and tena
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,418 SF
Building Class
B
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.52 AC
Zoning
C-1
Parking
58 Spaces (4.02 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 109474 | Improvements Assessment | $1,054,760 |
| Land Assessment | $673,590 | Total Assessment | $1,728,350 |
PROPERTY TAXES
Parcel Number
109474
Land Assessment
$673,590
Improvements Assessment
$1,054,760
Total Assessment
$1,728,350
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
