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HILLSBORO,
OR RETAIL DEVELOPMENT
Walgreens
Drug/Taco Bell
Development
6215 SE Tualatin Valley Hwy.,
Hillsboro, OR
Anticipated
Construction Completion Date: October, 2008
Century
Plaza
is a new retail center adjacent to High-Growth South Hillsboro, and is
anchored by a 14,550 sq. ft. Walgreens Drug Store. Located at the
corner of
Tualatin Valley Hwy.
and Century Blvd., this development provides three retail pads on
approximately 2.75 acres. A Taco Bell restaurant and one other
retail building will complete the project.
Walgreen
Co.
www.walgreens.com
Walgreen
Co. in the nation’s largest and most profitable retail pharmacy chain,
serving five million customers daily. Named one of Fortune
Magazine’s top ten Most Admired Companies in 2008, Walgreens pioneered
many modern store and pharmacy features, some of which have become
standards in the industry. These include computerized pharmacies
connected nationwide, drive-thru pharmacies, touchtone and online
prescription refills, among others. Walgreens' financial success has
continued in step with its technical innovations; 2007 marked the 33rd
consecutive year of record sales and earnings. Walgreens also offers
pharmacy benefit management, mail service, home care and specialty
pharmacy services through its Walgreens Health Services division.
Founded in 1901, Walgreen Co. is headquartered in
Deerfield
,
Illinois
.
(NYSE, NASDAQ: WAG). Taco
Bell
is an operating division within Yum! Brands, the world’s largest
restaurant company, which also includes Kentucky Fried Chicken, A&W
Root Beer and Pizza Hut as its brands.
- Signaled
Intersection with Traffic Counts Exceeding 40,000 Vehicles Per Day
- Surrounded
by Significant Residential Density – Approximately 87,000
Residents Within a 3-Mile Radius; Approximately 30,300 Within a
1-Mile Radius.
- 40%
of Households Income Exceeds an Estimated $75,000.
- Passive
Investment with No Landlord Responsibilities
Traffic
Counts
: Traffic Counts for
SE Tualatin Valley Highway
and Century Boulevard at the property exceed 40,000 vehicles per day.
Number
of Stores: 6,252
in 49 states,
the
District of Columbia
and
Puerto Rico
2007
Sales: $53.8 Billion
Typical
Annual Sales for 14,500
sq.ft. Store: $8.9
million
Standard
& Poor Credit Rating: A+
Acreage: 1.43 acres
Zoning: C-1 General Commercial
City:
Hillsboro, Oregon
Contractor:
Pennon Construction
Hillsboro
,
Oregon
In charming Hillsboro,
Oregon, history and new urbanism come together to create a vibrant,
fast-growing community.
Hillsboro
is the government seat of
Washington
County
, nestled between the Cascade Range and
Pacific Ocean
. Downtown
Portland
and its big city amenities are only 30 minutes away.
One of the oldest
cities in
Oregon, Hillsboro
has experienced dramatic change with the arrival of high-technology
companies and an expanding population. While farming and
tim
ber remain economic anchors for the area, the leading industry is
semiconductor manufacturing. Intel Corporation and other high-technology
leaders have, in turn, attracted supplier and service companies. Yet for
all its change,
Hillsboro
remains a friendly place with a small-town character. It continues to
value its traditions and cherish its slower pace, with fine schools and
churches, quiet streets and parks.
Hillsboro
boasts affordable, serviced industrial land and buildings, Class A
office space, and office/flex complexes. An aggressive community
development vision, embodied in large part by the South Hillsboro
Community Plan, will bring about new housing, commercial development,
services, education and recreation in the near future.
FAST FACTS
Education
/ Employment
Colleges, Universities &
Professional Schools (Metro Area): 11
Residents with HS Diploma: 85.2%
Residents with Bachelor Degree or Higher:
28.7%
Largest Employer: Intel
- 15,500
employees
Principal Industry – Manufacturing:
Employs 21,000
Second
Industry: Education,
Healthcare
&
Social Assistance
Private
Wage & Salary Workers: 38,452
Government Workers: 4,447
Self-employed
in Own (not Incorporated) Business:
1,899
Contact
Information:
Angie Dobrowski
Piculell Group
(503) 292-8678
adobrowski@piculellgroup.com
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