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Freestanding Walgreens Retail Building
For Sale
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1450 S Hwy 97, Redmond, OR 97756

Freestanding Walgreens property for sale with a full Walgreens Guaranty and preferred five-year options structure.

Property SizeContact for details
Days on Market121

Property Features for 1450 S Hwy 97

General Information

Standard status Active
Property subtype Retail
Listing Agency: Deerfield Partners
Listed By: Art Griffith · License #CA 01400709
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:39AM

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 Deerfield Partners

Investment Insights

Based on property information with market context.

This is a successful, freestanding Walgreens retail property offered for sale. Public remarks indicate the lease is supported by a full Walgreens Guaranty, along with a preferred five-year options structure.

The property is located at 1450 S Hwy 97 in Redmond, Oregon. It is presented as a strong fit for a 1031 exchange based on the contractual structure referenced in the offering remarks.

Key Highlights

  • Freestanding Walgreens property for sale
  • Full Walgreens Guaranty
  • Preferred five‑year options structure

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Locksmith Clothing & Fashion Store Mobile Phone Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

992
Businesses Nearby
Well-served
Demand for This Use

Demographics for 97756, OR

42,168
Population
18,335
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
92%
High-School Grad
126.3 sq mi
ZIP Area
334
Density / Sq Mi
$84,067
Median Household Income
$41,909
Median Earnings
$1,473
Median Rent
$469,000
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Similar Off Market Nearby

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  • Lyndsey Dubisar 1727 SW Odem Medo Way, Redmond, OR 977569573
  • Patricia Ober 1727 SW Odem Medo Way, Redmond, OR 977569573

Frequently Asked Questions

What type of property is this?
Drug store - Freestanding Walgreens property for sale with a full Walgreens Guaranty and preferred five-year options structure.
Where is this drug store located?
The property is located at 1450 S Hwy 97 Redmond, OR.
What are key features of this property?
This property features: Freestanding Walgreens property for sale; Full Walgreens Guaranty; Preferred five‑year options structure
More about this property
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