2280 W Main St, Medford, OR 97501

Walgreens | Absolute NNN | 9.00% Cap Rate | Medford, OR

MJPCRE Group is pleased to present the rare opportunity to acquire a fee-simple, single-tenant Walgreens located at 2280 W Main Street in Medford, Oregon. The asset is leased to Walgreen Co. on an absolute triple-net (NNN) basis with zero landlord responsibilities, providing a fully passive, mailbox-money income stream backed by one of the strongest credits in the net-lease retail sector (S&P: BBB).

The offering is priced at $5,300,000, generating $474,760 in annual base rent — a 9.00% cap rate that meaningfully exceeds the national Walgreens average and offers a hard-to-replicate yield on investment-grade credit. The lease has 9.4 years of firm term remaining through August 31, 2035, followed by up to fifty (50) one-year renewal options — providing a runway of long-term, reliable income.

The 14,820 SF freestanding building sits on a 1.37-acre hard-corner parcel with drive-thru pharmacy, generous parking, and prominent pylon signage along West Main Street — Medford's primary east-west retail corridor. The site benefits from immediate access to Interstate 5 and a daytime trade area anchored by Costco, Walmart, Home Depot, Lowe's, Target, and Fred Meyer. Medford serves as the dominant retail, medical, and government hub for Southern Oregon and Northern California, supporting a regional population of more than 220,000 residents.

This is an ideal acquisition for 1031 exchange investors, family offices, and private capital seeking a long-duration, recession-resistant income stream secured by a corporate-guaranteed lease to one of America's most recognized national retailers.