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INVESTMENT HIGHLIGHTS
RETAIL CORRIDOR: Barbur Blvd is the only commercially zoned land within the surrounding area. All existing commercially zoned land is built up, limiting the threat of future competition and helping insulate this Walgreens within the trade area.
HARD CORNER LOCATION: Located at the intersection of Capitol Highway and Interstate 5 with convenient access to multiple transportation networks, the Property is exposed to over 121,000 VPD. This location is less than 2 minutes from Barbur Boulevard Transit Center and Park and Ride.
ABSOLUTE NNN LEASE: Walgreens is fully responsible for the upkeep of the roof, structure, and parking, allowing for no landlord responsibilities.
ATTRACTIVE AREA DEMOGRAPHICS: There are 330k+ people within a 5-mile radius with average household incomes exceeding $142k+.
MULTIPLE ACCESS POINTS: The Property has multiple ingress and egress points and is situated on a .83-acre lot with CM2 zoning which allows for several potential redevelopment opportunities including multifamily, retail, and office.
