Drug Store
Walgreens w/ Rental Increases - High Performing Location
4380 Commercial St SE, Salem, OR 97302
Listing Price: $4,623,333
Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
13,367
Lease Type
Absolute Net
Rent Per Square Feet
$20.75
Investment Overview
4380 Commercial Street SE, Salem, OR
Walgreens w/ Rental Increases - High Performing Location
Investment Highlights
- Absolute Net Lease (No Landlord Responsibilities): 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5 Years.
- Signalized Hard Corner Location: Walgreens is Located at Commercial St. & Hifiker Ln. Overseeing 46,700+ Vehicles Per Day. Commercial Street is One of the Most Traveled Thoroughfare in Salem.
- Near Major Hospital: 3 Miles from Walgreens Resides Salem Hospital A 607 Medical Bed Facility, the Largest Hospital in the Region.
- Corporate Guaranty: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
- Strong Demographics: The 5-Mile Trade Area Supports Over 163,000+ Residents with an Average Household Income Exceeding $85,000.
- Stable Investment Grade Tenant: Walgreens Boots Alliance is Publicly Traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated "BBB-" by S&P.
Exclusively Listed By
Broker of Record
Drug Store
Walgreens w/ Rental Increases - High Performing Location
Listing Price: $4,623,333
Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
13,367
Lease Type
Absolute Net
Rent Per Square Feet
$20.75
Investment Highlights
- Absolute Net Lease (No Landlord Responsibilities): 14 Years Remaining on Recently Signed 15-Year Term. Lease Features Rare 5% Rental Increases Every 5 Years.
- Signalized Hard Corner Location: Walgreens is Located at Commercial St. & Hifiker Ln. Overseeing 46,700+ Vehicles Per Day. Commercial Street is One of the Most Traveled Thoroughfare in Salem.
- Near Major Hospital: 3 Miles from Walgreens Resides Salem Hospital A 607 Medical Bed Facility, the Largest Hospital in the Region.
- Corporate Guaranty: Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the U.S. Virgin Islands.
- Strong Demographics: The 5-Mile Trade Area Supports Over 163,000+ Residents with an Average Household Income Exceeding $85,000.
- Stable Investment Grade Tenant: Walgreens Boots Alliance is Publicly Traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated "BBB-" by S&P.
Investment Overview
4380 Commercial Street SE, Salem, OR
Exclusively Listed By
Broker of Record
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