Warrenton Oregon Walgreens

Investment Overview

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. 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.