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Walgreens w/ Rental Increases 20100 W Mcloughlin Blvd 14,840 SF Retail Building Gladstone, OR 97027 $5,453,760 ($367.50/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute Net Lease (No Landlord Responsibilities): 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5
Near Major Hospital: 1.5 Miles from Walgreens Resides Providence Willamette Falls Medical Center A 101 Medical Bed Facility, the Largest Hospital in t
Strong Demographics: The 5-Mile Trade Area Supports Over 181,400+ Residents with an Average Household Income Exceeding $113,241.

Signalized Hard Corner Location: Walgreens is Located at McLoughlin Blvd & West Arlington Street Overseeing 41,600+ Vehicles Per Day. McLoughlin Blvd
Corporate Guaranty: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
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&

EXECUTIVE SUMMARY

» 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

OM_Walgreens - Gladstone

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,840 SF

Building Class

Year Built

2011

Price

$5,453,760

Price Per SF

$367.50

Cap Rate

6.25%

NOI

$340,860

Tenancy

Single

Building Height

1 Story

Building FAR

0.25

Lot Size

1.39 AC

Zoning

C-3

Parking

50 Spaces (2.37 Spaces per 1,000 SF Leased)

Pylon Sign

Signage

Signalized Intersection

Drive Thru

MAJOR TENANTS

Retailer
14,840 SF
$22.97
Triple Net
Feb 2039

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.