891 SE 1st Ave Canby, OR 97013

Listing agency Northmarq Show Phone

Listed by Kevin Adatto · License #WA 85667

Source Crexi

Added: Apr 11 Updated: Jul 22 at 8:44AM Checked: Jul 22 at 8:44AM

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Investment Insights

Based on property information with market context.

This offering includes a freestanding Rite Aid, built-to-suit in 2008, with a pharmacy drive-thru. Rite Aid operates on an absolute net lease structure, and the tenant has approximately six and a half years remaining on its current term. Rent increases every 10 years, with the next increase of 11% scheduled to begin at the start of the next option period in 2029.

The property is situated at a hard corner of Highway 99 and Pine Street, providing high visibility and easy access off two main arterials. It is also described as being close to nearby major daily needs retail.

The asset is offered for sale as the Rite Aid location described above, with lease terms and scheduled rent increases as noted in the remarks.

Key Highlights

• Freestanding Rite Aid built‑to‑suit in 2008 with a pharmacy drive‑thru
• Absolute net lease with approximately 6.5 years remaining on the current term
• Rent increases every 10 years; next 11% increase starts in 2029 at the next option period

Property Analytics

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Similar Off Market Nearby

• Ngocthao H. Nguyen, RPH — 891 SE 1st Ave, Canby, OR 97013
• Canby Clinic — 452 NW 1st Ave, Canby, OR 97013
• Rite Aid Pharmacy — canby, or 97013
• Deane C. Deibele, RPH — 891 SE 1st Ave, Canby, OR 97013
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FAQs

What type of property is this?

Drug store - Freestanding Rite Aid includes a pharmacy drive-thru and was built-to-suit in 2008.

Where is this drug store located?

The property is located at 891 SE 1st Ave Canby, OR.

What are key features of this property?

This property features: Freestanding Rite Aid built‑to‑suit in 2008 with a pharmacy drive‑thru; Absolute net lease with approximately 6.5 years remaining on the current term; Rent increases every 10 years; next 11% increase starts in 2029 at the next option period