Leased Walgreens NNN
For Sale
Contact for pricing
Pending
115 North 20th Avenue, Cornelius, OR 97113
Fee simple interest in an absolute NNN Walgreens with zero landlord obligations and extended remaining initial lease term.
Property SizeContact for details
Days on Market122
Property Features for 115 North 20th Avenue
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
The Kase Group
(510) 388-4438
Listed By:
Jeff Bracco · License #CA 01336201
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 7 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kase Group
Investment Insights
Based on property information with market context.
The offering is a fee simple interest in an absolute NNN leased Walgreens. The lease is structured with zero landlord obligations, and more than 14 years remain on the initial term. The tenant also has ten 5-year renewal options.
The property is located on a major commercial thoroughfare and is surrounded by national retailers, including Walmart Supercenter, Burger King, FedEx Office, and Sonic Drive-In.
This is presented as an investment-grade, corporate-guaranteed Walgreens lease offering.
The property is located on a major commercial thoroughfare and is surrounded by national retailers, including Walmart Supercenter, Burger King, FedEx Office, and Sonic Drive-In.
This is presented as an investment-grade, corporate-guaranteed Walgreens lease offering.
Key Highlights
- Fee simple interest in an absolute NNN leased Walgreens
- Over 14 years remaining on the initial lease term
- Lease structure calls for zero landlord obligations (absolute NNN)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 30%
Shops & Services 20%
Electronics 2%
Fred Meyer
Groceries
57,026 visits/mo
0.2 miles
Fred Meyer Gas Station
Shops & Services
23,806 visits/mo
0.2 miles
Starbucks
Dining
19,499 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
15,086 visits/mo
0.3 miles
Panda Express
Dining
14,306 visits/mo
0.1 miles
Demographics for 97113, OR
15,075
Population
5,500
Households
2.7
Avg Household Size
35
Median Age
18%
College-Educated
80%
High-School Grad
34.9 sq mi
ZIP Area
432
Density / Sq Mi
$93,131
Median Household Income
$41,247
Median Earnings
$1,457
Median Rent
$434,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple interest in an absolute NNN Walgreens with zero landlord obligations and extended remaining initial lease term.
Where is this nnn property located?
The property is located at 115 North 20th Avenue Cornelius, OR.
What are key features of this property?
This property features: Fee simple interest in an absolute NNN leased Walgreens; Over 14 years remaining on the initial lease term; Lease structure calls for zero landlord obligations (absolute NNN)
