Residential/Commercial Land Development & Land Acquisition
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.
HILLSBORO 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
