PARSONS PHARMACY REDEVELOPMENT 294 NW 2Nd Avenue, Canby, OR 97013

FOR SALE PARSONS PHARMACY REDEVELOPMENT 294 NW 2nd Avenue, Canby, OR 97013

RYAN IMBRIE | MANAGING DIRECTOR [email protected] O: 503.28.9403 | M: 503.705.7352

All SVN® Offices Independently Owned and Operated www.svnimbrie.com

The information listed above has been obtained from sources we believe to be reliable, however, we accept no Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223 responsibility for its correctness. 503.208.9400

ABOUT THE CITY OF CANBY | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

17,365 Canby, Oregon is a growing city with a population of just over 17,000 and total area of 3.78 miles. It is located 25 miles south of Portland in the Willamette Valley, surrounded by some of the best soils in the state. The Population (2016) community is easily accessible in the region via Interstate 5, Highway 99E and I-205 nearby. The area boasts an enviable banana belt climate in the Portland Metropolitan region with warm and dry summers, mild winters and long growing season. Its warm-summer Mediterranean climate ranges from an average high temperature of 73 to average low temperature of 43 degrees. It rains about $355,000 41 inches per year, and snows about 6 inches per year. Since 2002, the city has operated its own bus system, Canby Area Transit Median Home Value (CAT). The service connects with the Portland area's TriMet at the Oregon City Transit Center and with the Salem-Keizer Transit (Cherriots) bus system in Woodburn. Canby is also served by one route of South Metro Area Regional Transit (SMART), the bus division of the City of Wilsonville. The local economy is diverse and thriving. A sophisticated nursery industry surrounds Canby with a well-deserved reputation of high quality dahlias, tulips, perennials, shrubs and trees that are sold nationwide. There is a strong 11.5% manufacturing base of small to mid-sized companies focused on precision metals, high tech, and testing equipment sold nationally and internationally. Major employers include Johnson Controls, Pioneer Pump, Shimadzu USA, Population Increase Kendall Floral, Milwaukie Electronics, JV Northwest, SR Smith, American Steel, (2010—2016) Package Containers, OBC Northwest. It is an excellent business location offering excellent highway access, ample utilities, and a plentiful supply of shovel-ready industrial land at competitive prices. Major attractions include the Willamette and Molalla Rivers, Canby Ferry, Clackamas County Event Center, Swan Island Dahlia Fields, Canby Depot $45,811 Museum, Vietnam War Memorial, and its charming downtown. A wide variety of events include the Canby Farmers Market, First Friday, Clackamas County Fair, General Canby Days, Slice of Summer outdoor concerts and much more. Median Household Income

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

PARSONS PHARMACY REDEVELOPMENT Canby, Oregon

PROPERTY INFORMATION

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

PROPERTY OVERVIEW | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

Property Description Property Information

Sale Price $1,330,000 SVN - Imbrie is pleased to present the Canby Parsons Pharmacy, a 12,9250 SF, single-tenant commercial building situated on a 22,999 SF (0.528 AC) lot . The subject property is well located in the central business district of Canby, Oregon. Can- Building Size 12,950 SF by, Oregon is a suburban community approximately 4 miles east of the I-5 Free- way , 7 miles southeast of Oregon City and 25 miles from the City of Portland. The Lot Size 22,999 SF (0.528 AC) community is bisected by Highway 99E which is a primary commuting route that provides connectivity with Oregon City as well as I-205 Freeway. Parcel # 00791520 The interior of the building has been formally demised into a retail display area, pharmacy, snack/coffee shop areas. The balance of the building is unfinished in- Year Built 1962 ventory storage which is access by a single-bay recessed loading dock located at its northeast corner. The structure consists of 12-foot-high stucco surfaced ma- County Clackamas sonry walls which are fenestrated on the southerly street-side wall. Steel columns support a built-up membrane surfaced roof. Submarket Canby The building resides on a 22,999 SF (0.528 AC) commercially zoned (C1) site. Curbside parking is available along both adjoining streets. Access along the rear of the building is accommodated by a public alley. There are currently 13-parking Zoning C1 - General Commercial spaces on the eastern side of the property along with five additional spaces situated along north wall of the building. For Info on City of Canby C1 Zoning Use: https://tinyurl.com/y7rybxvz

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

INTERIOR PHOTOS | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

PARCEL MAP| | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

SUBJECT

PROPERTY

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

AERIAL PHOTO | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

SUBJECT

PROPERTY

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

CITY OF CANBY COMPREHENSIVE PLAN MAP | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

CITY OF CANBY FAÇADE IMPROVEMENT PROGRAM | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

The Canby Urban Renewal Agency supports local businesses with resources to help them succeed. The expanded Façade Improvement Program partners with property owners and businesses to spruce up their exterior. This partnership will help the Canby Business District revitalize and become more inviting to customers and residents. Eligible businesses must be located within the blue boundary to the right.

The enhanced Façade Improvement Program now offers:

• Grants of up to $1,500 to help develop a design

• $1,500 toward funding construction documents

• 50% in matching grants of up to $25,000 for façade improvement construction.

• No interest 5 year loans for construction projects over $50,000

Eligible projects include: Ineligible projects include:

• Masonry cleaning • Refinancing of existing debt

• Work on cornices, gutters, and downspouts • Interior improvements

• Exterior siding repair or replacement • Non-permanent fixtures

• Exterior painting • Security systems

• Accessibility improvements • Personal property or equipment

• Repair, removal, or installation of canopies or awn- • Business inventory ings • Sidewalk or parking improvements • Window repair or replacement • Installation of bike racks or fences • Hardware and/or mounting material for monu- • Billboards ment signs and wall signs • • Hardware and / or mounting material for blade Previously completed design or construction work signs (up to $200, separate application) • Individual business signage • Structural Upgrades

Ineligible participants: Properties for residential use, unless a mixed-use development Façade Improvement Program participants to date: Bricks & Minifigs, Canby Station, Canby Herald Building, Countryside Living Building, Ebner’s Custom Meats, and Cutsforth Thriftway. The information listed All SVN® Offices Independently Owned and Operated above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. VERTICAL HOUSING PROGRAM | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

The 2005 Legislature passed legislation moving the Vertical Housing Program from Oregon Economic and Community Development Department (OECDD) to Oregon Housing and Community Services (OHCS) beginning in November 2005. The purpose of the Program is to encourage investment in and rehabilitation of properties in targeted areas of a city or community, to augment the availability of appropriate housing, and to revitalize communities. The program encourages mixed-use developments that contain Overview both non-residential and residential uses in areas (zones) designated by local jurisdictions. The residential portion may be for market rate or lower income households. Eligible projects receive a partial property tax exemption which varies with the number of "Equalized Floors" in a project, with a maximum property tax exemption of 80 percent over a 10 year term. An additional partial property tax exemption on the land may be given if some or all of the residential housing is for low-income persons (80 percent of area median income or below).

An eligible zone is any area that meets the criteria for a Vertical Housing Zone which has been designated by the local jurisdiction and has been approved by OHCS. Any project that has made application to and has been approved by the OHCS may receive a partial tax exemption as determined by the number of Equalized Floors for a maximum of 10 Eligibility Requirements / Zones years. The tax exemption will be based on the number of Equalized Floors as determined by the total square footage divided by the number of actual floors of the project that are at least 500 square feet per floor. Equalized floors will be rounded down to the nearest whole number (e.g., any eq

The application can be accessed via the OHCS Web site. Eligible criteria and instructions can be accessed through the Oregon Administrative Rules for the Vertical Housing Application / Charge Program. A nonrefundable Project Application charge of $550. A one-time Monitoring charge of $150 for projects with no low-income units, and $200 for projects with low- income units.

Visit Oregon Housing and Community Services - Vertical Housing Program for more info. Learn More http://www.oregon.gov/ohcs/Pages/multifamily-housing-finance-vertical-housing.aspx

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

PARSONS PHARMACY REDEVELOPMENT Canby, Oregon DEMOGRAPHICS

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

DEMOGRAPHICS | PARSONS PHARMACY | RETAIL REDEVELOPMENT | CANBY, OREGON

Demographics Data 1 mile 3 miles 5 miles Total Households 3,207 9,062 15,188 Total Population 9,524 25,532 41,389 Persons per Household 3.0 2.8 2.7 Average Household Income $60,626 $73,897 $83,076 Average House Value $365,176 $404,452 $450,863 Average Age 35.5 38.2 39.9 Average Age (Male) 34.6 37.0 38.7 Average Age (Female) 36.2 39.3 41.0

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

RYAN IMBRIE | MANAGING DIRECTOR [email protected] O: 503.208.9403 | M: 503.705.7352

Lincoln Tower 10260 SW Greenburg Road, Suite 530 Portland, OR 97223 ph: 503.208.9400

All SVN® Offices Independently Owned and Operated

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.