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17524 Aurora Ave NShoreline, WA 98133
Walgreens Shoreline
Asset ClassRetail
overview of deal

Overview

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.

 

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Investment Highlights

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.

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17524 Aurora Ave NShoreline, WA 98133
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