9855 Capitol HwyPortland, OR 97219

This exceptional investment opportunity presents a fee-simple, 13,300 square foot Walgreens located in Portland, Oregon's desirable Ash Creek neighborhood. Built in 2012, this Class B property sits on a 0.83-acre lot (36,162 sq ft) with CM2 zoning, offering potential redevelopment options. The property boasts a highly visible hard corner location at the intersection of Capitol Highway and Interstate 5, benefiting from over 121,000 vehicles per day. The absolute NNN lease with Walgreens, a credit-worthy tenant, extends to December 31, 2037, with options extending it to December 31, 2087. The current asking price is $7,350,000, representing a 7.50% cap rate and a price per square foot of $553. The property enjoys 100% occupancy and is situated within a densely populated area with average household incomes exceeding $142,000 within a 5-mile radius. The location's strong demographics, high visibility, and long-term lease make this a compelling investment opportunity. The property's APN is R991293410. There are no rent bumps included in the lease. The lease is a single tenancy. The property is not a ground lease. This is a retail property, specifically a pharmacy/drug store.