Property Overview
A unique dual-phase investment offering secure, high-yield passive income backed by Walgreens, followed by a significant value-add opportunity. This asset provides both immediate cash flow and long-term upside in a strong regional market.
Asking Price$3,300,000
Price / SF$228.88
Guaranteed NOI$350,000
Building Size14,418 SF
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Location
Investor Cash Flow Analysis
This interactive analysis models an investor's cumulative cash position, assuming an all-cash purchase. It shows the high-yield Phase 1, the transition in 2033, and the projected returns of Phase 2 based on a new direct lease with NAPA.
Select a Projected Annual Rent Scenario for NAPA (Post-2033):
Initial Investment
CoC Return (Walgreens)
Projected CoC (NAPA)
Years to Recoup
End of Term Scenario
Cumulative Cash Position
Regional Demographics (Umatilla County)
Populations and People
Total Population
Income and Poverty
Median Household Income
Education
Bachelor's Degree or Higher
Employment
Employment Rate
Housing
Total Housing Units
Families and Living Arrangements
Total Households
Visitation & Trade Area Insights
Key Investment Highlights & Value Proposition
- Investment-Grade Credit: Walgreens (S&P: BBB) remains contractually obligated to pay $350,000 annually through May 2033, offering secure, predictable cash flow for the next 8+ years.
- Absolute NNN Lease Structure: The lease is absolute triple net, with Walgreens responsible for all property expenses, including taxes, insurance, and maintenance—offering true passive income with zero landlord responsibilities.
- Attractive 10.6% In-Place CAP Rate: Priced at $3,300,000, the asset delivers an exceptionally strong and immediate yield for investors seeking reliable, long-term passive income.
- Future Repositioning Opportunity: Upon lease expiration in 2033, investors will have a rare opportunity to negotiate directly with the in-place subtenant (NAPA) or re-tenant at market rates to optimize returns and capture future market growth.