1080 SW 1St Ave, Canby, OR 97013

This exceptional investment opportunity presents a fee-simple ownership of a 14,820 square foot Walgreens, located at 1080 SW 1st Ave, Canby, Oregon 97013. The property boasts a 15-year absolute NNN lease, commencing February 20, 2023, and expiring February 20, 2038, leaving 13.3 years remaining. The lease includes attractive 5% rent bumps every five years, ensuring consistent income growth. The property features a strong corporate guarantee from Walgreens, a nationally recognized brand operating thousands of stores. Situated on a 1.39-acre lot, this single-story, Class A building was constructed in 2007 and enjoys 100% occupancy. The property benefits from a high-traffic, signalized hard corner location on Southwest 1st Avenue, with a daily vehicle count exceeding 29,300. Its strategic location is further enhanced by proximity to six schools (3,400+ students) and a Safeway-anchored shopping center featuring national tenants like Ace Hardware, Dollar Tree, AT&T, and Starbucks. The surrounding area demonstrates strong demographics, with over 45,000 residents within a 5-mile radius and an average household income exceeding $107,000. The current Net Operating Income (NOI) is $296,400, resulting in a 6.40% cap rate and a price per square foot of $312.48. The asking price for this exceptional investment is $4,631,000. The lease includes twelve, five-year options.