1625 E Harbor Dr, Warrenton, OR 97146

The property consists of a leasehold interest (the building, not the land) in a freestanding Walgreens location prominently situated along U.S. Highway 101 (E Harbor Drive), the primary retail and commuter corridor serving Warrenton and the greater Astoria trade area. This Walgreens is perfectly positioned at a signalized, high-visibility location with direct access and ample on-site parking, the asset benefits from strong exposure to both daily local traffic and consistent coastal tourism flow. Retail in Warrenton is concentrated along the primary Highway 101 corridor, where national and regional tenants benefit from limited competition and strong visibility. Strong national retailers anchor the corridor, notably Costco, Fred Meyer, TJ Maxx, Goodwill and Walmart - which draw customers from a 50+ mile radius and act as the major destination shopping for the Northwest Oregon Coast.

This market and the Walgreens corner in particular, benefit from extreme barriers to entry, as well as superb visibility. The store features a modern prototype design with a highly functional layout, drive-up accessibility, and prominent building signage along U.S. Highway 101, the Oregon Coast's primary north–south corridor, carrying approximately 14,000–18,000 vehicles per day and capturing both local commuter traffic and significant seasonal tourism flow. As one of the dominant pharmacy providers in the immediate area, the location serves a geographically constrained coastal market with limited competition and strong reliance on necessity-based retail.

Specific and unique to this Walgreens is the simple fact that it has ZERO in brand competition - this is the single and ONLY Walgreens for 50+ miles. The Lease is absolute net, with zero landlord responsibilities and the preferred five year option structure. A full Walgreens Guaranty is in place and your accountant will likely confirm that Leasehold interests are 100% depreciable. If you're looking for a high yield, passive investment for a 1031 exchange or a cash investment, this is it.