1950 NE Burnside St
Gresham, OR 97030
Walgreens · Retail Property For Sale

Stand alone Walgreens in the Portland, Oregon MSA. Located 16 miles east of Downtown Portland, at the corner of Hogan Road and Northeast Burnside. There is a strong mix of national tenants within a 1-mile radius, including Fred Meyer (Kroger), Office Depot, Marshalls, Big 5, Petco, five major car dealerships, six national and regional banks, and numerous eateries. An estimated 190,000 people live within a 5-mile radius of the property. The subject property was built for Walgreens which took occupancy on May 3, 1997 on a 60 year lease which had a firm term of 20 years and termination rights every five years thereafter. The tenant and landlord negotiated an amendment to the lease in 2013 providing for an additional firm term until May 31,2027 with the customary termination rights thereafter. Located at 1950 Northeast Burnside Road in Gresham, Oregon at the corner of Hogan Road and Northeast Burnside which is among the best corners in Gresham with exposure to a combined traffic count of 57,000+ vehicles per day.