4325 82nd Ave Portland, OR 97266

This exceptional investment opportunity presents a fee-simple ownership of a 13,905 square foot Walgreens located at 4325 SE 82nd Ave, Portland, OR 97206. The property sits on a 1.4-acre lot and boasts a Class A rating. Currently operating under a triple-net (NNN) lease with Walgreens Boots Alliance, a credit-rated tenant with a corporate guarantee, this property offers a secure and passive income stream. The lease, originally commencing May 2, 1997, has been recently extended through April 30, 2034, with six 5-year renewal options. This provides a remaining lease term of approximately 10 years. The property features a 7.40% cap rate and a net operating income (NOI) of $353,312, with an asking price of $4,775,000 ($343.40/sq ft). Built in 1997 and renovated in 2017 (including a new roof with a 25-year transferable warranty), the property benefits from excellent visibility at a high-traffic intersection (40,238 vehicles daily) and proximity to Interstate 205 (161,918 vehicles daily), Portland Community College, Multnomah University, Oliver P Lent Elementary School, and Adventist Health Portland. The location is in a densely populated area (465,078+ people within a 5-mile radius) with strong projected population growth. The Walgreens store reports over $8.35 million in total store sales. This is a prime investment opportunity for those seeking a stable, high-performing asset with a long-term lease and strong tenant.