Walgreens Drug Store with Absolute NNN
For Sale
Contact for pricing
7070 NE Sandy Blvd, Portland, OR 97213
Corporate-guaranteed Walgreens occupancy supports a single-tenant retail asset in Northeast Portland.
Property SizeContact for details
Days on Market144
Property Features for 7070 NE Sandy Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 6:00AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This single-tenant drug store is occupied by Walgreens under an absolute NNN lease, with approximately 14 years remaining on the primary term. The lease includes eleven 5-year extension options, and the obligation is backed by Walgreens’ parent company, identified as an S&P BBB- investment-grade Fortune 500 company with more than 9,200 locations.
The property is positioned at 7070 NE Sandy Blvd in Portland’s Roseway neighborhood, one block from the signalized junction of NE Sandy Boulevard and Freemont Street. The corridor records approximately 27,124 vehicles per day and serves as a principal retail route toward downtown Portland, located approximately five miles to the southwest. A Safeway-anchored center and multiple national retailers are situated across the street. The surrounding area includes 22,302 residents within one mile, 161,772 within three miles, and 426,271 within five miles.
The property is positioned at 7070 NE Sandy Blvd in Portland’s Roseway neighborhood, one block from the signalized junction of NE Sandy Boulevard and Freemont Street. The corridor records approximately 27,124 vehicles per day and serves as a principal retail route toward downtown Portland, located approximately five miles to the southwest. A Safeway-anchored center and multiple national retailers are situated across the street. The surrounding area includes 22,302 residents within one mile, 161,772 within three miles, and 426,271 within five miles.
Key Highlights
- Walgreens‑occupied drug store under an absolute NNN lease
- Approximately 14 years remaining on the primary lease term
- Eleven 5‑year extension options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
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Similar Off Market Nearby
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- Doctor Brian Vaitkus ND — 6533 NE Sandy Blvd, Portland, OR 97213
- Jill Blount, RPh — 6901 NE Sandy Blvd, Portland, OR 97213
Frequently Asked Questions
What type of property is this?
Drug store - Corporate-guaranteed Walgreens occupancy supports a single-tenant retail asset in Northeast Portland.
Where is this drug store located?
The property is located at 7070 NE Sandy Blvd Portland, OR.
What are key features of this property?
This property features: Walgreens‑occupied drug store under an absolute NNN lease; Approximately 14 years remaining on the primary lease term; Eleven 5‑year extension options
