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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 is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.