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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 | $1,086,400 |
| Land Assessment | $693,800 | Total Assessment | $1,780,200 |
Property Taxes
Parcel Number
109474
Land Assessment
$693,800
Improvements Assessment
$1,086,400
Total Assessment
$1,780,200
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