Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple, 13,300 square foot Walgreens located in Portland, Oregon's desirable Ash Creek neighborhood. Built in 2012, this Class B property sits on a 0.83-acre lot (36,162 sq ft) with CM2 zoning, offering potential redevelopment options. The property boasts a highly visible hard corner location at the intersection of Capitol Highway and Interstate 5, benefiting from over 121,000 vehicles per day. The absolute NNN lease with Walgreens, a… credit-worthy tenant, extends to December 31, 2037, with options extending it to December 31, 2087. The current asking price is $7,350,000, representing a 7.50% cap rate and a price per square foot of $553. The property enjoys 100% occupancy and is situated within a densely populated area with average household incomes exceeding $142,000 within a 5-mile radius. The location's strong demographics, high visibility, and long-term lease make this a compelling investment opportunity. The property's APN is R991293410. There are no rent bumps included in the lease. The lease is a single tenancy. The property is not a ground lease. This is a retail property, specifically a pharmacy/drug store.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 16,046 SF
- Lot area
- 0.83 ac
- Year built
- 2012
- Stories
- 2
- APN
- 1S1E29CB 00800
- Zoning
- CG
- Assessed value · 2023
- $5,163,650
- Annual tax · 2023
- $132,593
- Auto Repair, Garage
- Medical Building
- Retail Stores · current use
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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