891 SE 1st Ave
Canby, OR 97013
Rite Aid · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute triple net lease structure provides zero Landlord responsibilities including roof and structure.
- The Property has scheduled rental increases every 10 years. Yield increases 76 basis points in 2029.
- The Property is exposed to over 48,000 vehicles per day.
- The Property is on a corporate lease with roughly six and a half years remaining.
- The Property is located on a hard corner with frontage on Highway 99, the primary arterial extending through Canby and connecting to I-205.
- This is the only Rite Aid within a five-mile radius and one of only two free standing pharmacy’s within a 20-minute driving distance.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,272 SF
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
1.00 AC
PROPERTY TAXES
| Parcel Number | 00794983 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,045,995 |
