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32612762
32612761

14617 SE McLoughlin Blvd, Milwaukie, OR 97267

NNNet Advisors San Francisco
Listed by NNNet Advisors San Francisco
$4,500,000
21 days on market
Updated 20 days ago

Walgreens (Subleased to Dollar Tree)

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 14,550
Net Rentable (SqFt) 14,550
Cap Rate 11.25%
NOI $506,250
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, Dollar Tree
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 09/30/2033
Remaining Term 7.3
Rent Bumps No
Price per SqFt $309
Broker Co-Op False
Year Built 2013
Lot Size (SqFt) 62,291
Parking Spaces 60
Investment Type Net Lease
Lease Commencement 09/01/2013
Ground Lease No
Ownership Fee Simple

11.25% Cap Rate | 7+ Years Remaining

Investment highlights

The subject property consists of 14,550 SF of improved building area on approximately 1.43 acres of total property. This absolute NNN investment is corporately guaranteed by Walgreens and subleased to Dollar Tree with over 7 years remaining on the base term. This store is located on the heavily trafficked SE McLoughlin Blvd with average daily traffic counts of 26,000+ cars. This location was recently constructed in 2013. This investment offers a qualified investor a great opportunity in a densely populated high-income location with many barriers to entry. Located in a strong retail corridor near other retailers including a Fred Meyer Grocery Store, Walmart Neighborhood Market, Trader Joe's, 7 Eleven, Jack in the Box, KeyBank, MOD Pizza, Plaid Pantry, Wells Fargo, Starbucks, Harbor Freight Tools, Ace Hardware, Burger King, Five Guys, and Popeyes

Listing Contacts

NNNet Advisors San Francisco
Listed by NNNet Advisors San Francisco

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$506,250.00
$42,187.50/mo

Valuation Metrics

0
DSCR
11.25%
Cap Rate
11.25%
ROI

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Additional Information

Name
Josh Veentjer
License
200608030
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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