Passive pharmacy income at a signalized Shoreline retail corner.
The offering pairs an absolute NNN Walgreens lease with a high-visibility SR-99 location, affluent surrounding demographics, and daily-needs retail anchors on both sides of the property.
Absolute NNN Income
Single-tenant Walgreens income with passive expense responsibility and a lease term running through January 2031.
Corporate Pharmacy Tenant
Walgreens is identified in the intake as a corporate-guaranteed lease and nationally recognized pharmacy operator.
Daily-Needs Retail Node
The property sits between Shoreline's Trader Joe's and Fred Meyer grocery anchors, reinforcing recurring consumer traffic.
Affluent Consumer Base
Average household income measures $137,091 within one mile and $139,865 within three miles of the property.
Passive Management
Absolute NNN structure places all operating expense and management responsibility with the tenant, subject to lease review.
Current Income
Completely passive annual rent of $453,199.92.
Buyer Profile
The deal is positioned for net lease, 1031 exchange, private capital, and regional retail investors seeking daily-needs credit tenancy.