CLACKAMAS TOWN CENTER Mid-Boxes

FOR SALE > CLACKAMAS TOWN CENTER Mid-Boxes 10174 & 10176 SE 82ND AVENUE HAPPY VALLEY, OREGON 97086 PORTLAND’S DOMINANT SUBMARKET FOR DISCOUNT AND LARGE FORMAT RETAILERS 1 SE Johnson Creek Blvd 2 Key Occupier Square Footage 5 3 1 Fred Meyer 189,934 SF 4 6 2 Walgreens 15,008 SF 7 3 Trader Joe’s 23,100 SF 8 4 Sportsman’s Warehouse 48,610 SF 9 Submarket 5 Home Depot 138,240 SF 6 Petsmart 19,630 SF 10 SE 82nd Ave Vacancy 7 Dick’s Sporting Goods 48,846 SF SITE 11 8 Best Buy 45,537 SF 12 1.8% 9 Babies R Us 37,016 SF 13 10 Walmart 140,655 SF 11 Salvation Army 40,160 SF 14 12 Sears Outlet 34,163 SF 16 INTERSTATE 15 205 13 Burlington Coat Factory 81,532 SF 17 14 Dollar Tree 10,910 SF 18 15 Bedmart 22,876 SF 19 20 16 Sleep Train 8,619 SF 21 17 Winco 73,253 SF 22 23 18 Ross 39,439 SF 19 Pier 1 Imports 15,000 SF 20 Michaels 25,920 SF 21 Natural Grocers 17,157 SF Clackamas 22 Ashley Home Furniture 43,435 SF Town Center 23 La Z Boy/Mattress World 27,195 SF 24 Toys R Us 43,131 SF SE Sunnyside Rd 25 Kohl’s 86,010 SF 29 SE 82nd Ave 26 Sports Authority (vacant) 44,170 SF 24 25 28 27 Nordstrom Rack 27,310 SF 26 27 28 Target 142,046 SF 29 Petco 14,872 SF 30 Costco 135,042 SF 30 31 Lowe’s 148,044 SF SUBTOTAL 1,786,860 SF CLACKAMAS TOWN CENTER Century Theaters 71,880 SF 31 Macy’s 201,596 SF JC Penney 150,020 SF Sears 138,996 SF Nordstrom 119,669 SF 100% LEASED INVESTMENT SUBTOTAL 682,161 SF Salvation Army: 40,160 SF Total Square Footage 2,469,021 SF Sears Outlet: 34,163 SF Total Vacancy 1.80% Accelerating success. PROPERTY DESCRIPTION • Premium regional location for large format • 229 parking spaces, plus 77 spaces available retailers through Applebee’s cross-easement • Low vacancy submarket • Excellent maintenance and condition • Outstanding access & visibility OUTSTANDING LOCATION • One mile from East Portland’s most successful regional mall, Clackamas Town Center, a 1.2 million SF mall owned by General Growth Properties • Located between two I-205 interchanges at SE Johnson Creek Blvd and SE Sunnyside Road • Over 140,000 cars per day at I-205. ADT of 35,000 at Walmart’s lighted intersection of SE 82nd and SE Otty Road • Strong demographics with 310,000 residents within a five mile radius TENANT PROFILES • Below market rents averaging $12.66/SF • Locations open longer than five years have 13.8% higher average annual sales than stores • Salvation Army has 4 years remaining on an open less than five years extension and then one 5 year option at FMV • Only 5 Outlet Stores were closed nationwide in • The Sears Outlet Store, opened in 1997, had 2015 the 2nd-highest sales volume of stores in the six-state western region • The number of Sears Outlet Stores increased 37% from 2012-2015 (+43 stores) FINANCIAL OVERVIEW Sale Price $13,689,000 Cap Rate 6.34% Price/RSF $184.33 $/SF Sears 34,103 SF $13.50 $460,490 Salvation Army 40,160 SF $11.94 $479,693 Total Scheduled Rent 2017 74,263 SF $12.66 $940,083 Expense Reimbursements $1.76 $130,642 Scheduled Gross Income $14.42 $1,070,725 Vacancy Factor 3% $(0.43) $(32,122) Effective Gross Income $13.99 $1,038,603 Reimbursable Expenses 2017 $1.76 $130,642 Management Fee 3% less reimbursable portion $0.33 $24,193 Reserves $0.21 $15,299 Total Operating Expenses $2.29 $170,134 Net Operating Expenses $868,470 This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2016. All rights reserved. 9/15/16 FOR SALE > CLACKAMAS TOWN CENTER Mid-Boxes 74,263 SF 100% Leased Investment Opportunity SE OTTY ROAD SE 82ND AVENUE SE ORCHARD LANE TOP PERFORMING SEARS OUTLET DENIS O’NEILL MIKE THARP RANDY YOUNG COLLIERS INTERNATIONAL 503 542 5880 503 542 5881 503 542 5882 851 SW Sixth Avenue, Suite 1200 PORTLAND, OR PORTLAND, OR PORTLAND, OR Portland, OR 97204 [email protected] [email protected] [email protected] www.colliers.com.

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