HOUSE CAFÉ IRREPLACEABLE RESTAURANT OWNER/USER OPPORTUNITY IN CLOSE-IN SOUTHEAST HAWTHORNE DISTRICT

ASHTON SUMMERS BRAD MACOMBER Associate Senior Advisor 503.218.4380 503.218.4380 [email protected] [email protected] OR 201228656 | WA 140840 OR 200908061 | WA 95748 commercialintegritynw.com LEGAL DISCLAIMER

The information contained in this marketing brochure is proprietary and strictly confidential. Itis intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW.

The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION. Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential purchasers must take appropriate measures to verify all of the information set forth herein. CONTENT

05 THE SYNOPSIS 06 FINANCIAL SYNOPSIS 07 PROPERTY SYNOPSIS 09 THE DETAILS 10 AERIAL MAP 11 DEMOGRAPHICS 12 AREA OVERVIEW 13 LOCATION OVERVIEW TEOTE HOUSE CAFÉ | PORTLAND, OR

DISTINCTIVE, VIBRANT AND FULLY-EQUIPPED RESTAURANT SPACE AT THE CORNER OF LADD’S ADDITION

4 TEOTE HOUSE CAFÉ THE SYNOPSIS TEOTE HOUSE CAFÉ | PORTLAND, OR

$1,075,000 | $478.00 PSF FINANCIAL SYNOPSIS

TEOTE HOUSE CAFÉ 1617 SE 12TH AVENUE • PORTLAND, OR 97214 $1,075,000 Building . . . 2,250 SF* # Of Stories . . . 2 Land . . . 3,000 SF Population (3-Mile) . . . 234,512 $478.00 PSF Acres . . . 0.07 AC # of Parcels . . . 1 Built . . . 1885 Walk Score . . . 93 (Walker’s Paradise) Zoning . . . RM2 Bike Score . . . 100 (Biker’s Paradise) *Building SF based on best estimate

6 TEOTE HOUSE CAFÉ PROPERTY SYNOPSIS

• Teote House Café is a Vibrant and Colorful Single-Tenant Two-Story Restaurant Building in Close-In Southeast Portland

• The Property Presents an Opportunity to Own a Second-Generation Restaurant, Retail or Event Space in the Lively and Unique Hawthorne District

• Teote House Café Benefits from an Additional Oversized Covered and covid-friendly Outdoor Patio Space in the Back with a Second Bar, Fire Pit and Extra Seating

• Nestled in the Ladd’s Addition Neighborhood, Just One Block Off Hawthorne Boulevard, a Prominent Southeast Portland Thoroughfare and Shopping District

• Nearly 2,500 Apartment Units Were Built in the Last Three Years Within a One-Mile Radius of the Subject Property

• Neighboring Retailers in the Immediate Area Include Burgerville, Cartopia, , , Helium Comedy Club, Lizard Lounge and Poke Mon

TEOTE HOUSE CAFÉ 7 TEOTE HOUSE CAFÉ | PORTLAND, OR

ONE BLOCK OFF HAWTHORNE BOULEVARD, A PROMINENT SOUTHEAST PORTLAND SHOPPING DISTRICT KNOWN FOR ITS NUMEROUS BARS, RESTAURANTS AND RETAILERS

8 TEOTE HOUSE CAFÉ THE DETAILS TEOTE HOUSE CAFÉ | PORTLAND, OR

2,250 SF BUILDING | 3,000 SF LAND AERIAL MAP

DOWNTOWN PORTLAND (1.1 MILES)

Willamette River

SE Madison St TEOTE HOUSE CAFÉ

SE 12th Ave

SE Ladd Ave – 2,038+ VPD

SE Hawthorne Blvd – 9,026+ VPD

LADD'S ADDITION N

10 TEOTE HOUSE CAFÉ DEMOGRAPHICS

1 Mile 3 Miles 5 Miles AVG HOUSEHOLD INCOME $87,029 $107,464 $104,211 # OF HOUSEHOLDS 11,659 113,002 215,976 2020 POPULATION 22,338 223,581 477,457 DISTANCE TO DOWNTOWN PORTLAND Approx 1.1 Miles DISTANCE TO PORTLAND INTERNATIONAL AIRPORT Approx 9.7 Miles TRAFFIC COUNTS 9,026+ Vehicles Per Day Along Southeast Hawthorne Boulevard 2,396+ Vehicles Per Day Along Southeast Ladd Avenue COUNTY Multnomah METROPOLITAN Portland MSA

PORTLAND, OR 664,103 (2020 Estimate) MULTNOMAH COUNTY 818,078 (2020 Estimate) PORTLAND METRO Approx. 2.75 Million People (2020 Population Estimate)

Demographic and traffic count data: © CoStar Realty Information, Inc. 2020 Other population data from: https://worldpopulationreview.com/us-cities/portland-or-population TEOTE HOUSE CAFÉ 11 AREA OVERVIEW

ABOUT PORTLAND, OR Portland, Oregon is the second largest city in the Pacific Northwest, just three hours south by car of leader Seattle, Washington. It is the county seat of Multnomah County, the state’s most populous but smallest county by area. With projections of population and wage growth at 1.66% and 4.68% respectively, it ranked Number 17 on Forbes’ List of America’s Fastest-Growing Cities in 2018. TEOTE HOUSE CAFÉ Ideally located at the confluence of the Willamette and Columbia Rivers and near Mount Hood and the Columbia River Gorge, the ‘City of Roses’ is known for its microbreweries, coffeehouses, eco-friendliness, expansive bike paths and parks. The Portland Metropolitan, comprised of the counties in NW Oregon (Multnomah, Clackamas, Washington, Columbia, Yamhill) and SW Washington (Clark and Skamania), now accounts for more than one-half of Oregon’s population. Steady booming growth in recent years has allowed for a significant uptick of construction, both commercial and residential, within Multnomah County.

Downtown Portland Mt. Tabor Park image: roamyonder.com

12 TEOTE HOUSE CAFÉ LOCATION OVERVIEW

ABOUT THE HAWTHORNE DISTRICT Known for its “Keep Portland Weird” personality, the Hawthorne District is undoubtedly one of the most vibrant and unique districts in the entire city of Portland. The walkable district is lined with eclectic vintage shops, boutiques, food carts and cafes. LOCATION The Hawthorne District is located across the and Southeast of Downtown Portland on Hawthorne Boulevard. The district runs from SE 11th Avenue up to 60th Avenue. The neighborhood is bordered by Buckman, Ladd’s Addition, and Hosford-Abernathy. Hawthorne is not recognized Historic Bagdad Theatre image: en.wikipedia.org as its own Portland neighborhood and resides within Richmond and Mt. Tabor. FEATURES The Hawthorne district is home to some of the city’s best vintage shopping, boutiques and dining. The abundance of funky vintage stores and boutiques draws large crowds of Portland residents and visitors to the walkable street. Popular retailers include House of Vintage, Red Light Clothing Exchange, and Crossroads. Hawthorne Bridge image: commons.wikimedia.org Powell’s Books for Home and Garden and Powell’s Books on Hawthorne, two satellite locations which offer a smaller and more relaxed setting than the Downtown Portland landmark. Admired cafés and eateries include Harlow, Brad & Ink Café, and ’, known for serving some of the best pizza in the city. The historic McMenamins Bagdad Theater & Pub, a view-and-brew style movie theater, anchors the epicenter of the district at the corner of 37th Avenue & Hawthorne Boulevard. The Unipiper image: www.youtube.com

TEOTE HOUSE CAFÉ 13 ASHTON SUMMERS BRAD MACOMBER Associate Senior Advisor 503.218.4380 503.218.4380 [email protected] [email protected] OR 201228656 | WA 140840 commercialintegritynw.com OR 200908061 | WA 95748