Harris K. Niazi Jaswinder Sidhu Commercial Real Estate Broker Commercial Real Estate Broker License: OR 201215742 License: WA # 138022 Direct phone – 248-770-9974 Direct phone – 843-453-2918 COMMERCIAL GROUP [email protected] Email - [email protected] CrossCross RoadsRoads atat 365,365, VictorvilleVictorville CACA CROSSROADSPROPERTY NAME AT 395 INDEX MARKET COMPERABLES

TABLE OF CONTENTS INVESTMENT OVERVIEW 03 MAPS, AERIAL, & TRAFFIC 07 PHOTO TOUR 11 DEMOGRAPHICS AND MARKET 17

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Copyright HST Group 2019 INVESTMENT OVERVIEW DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 1: INVESTMENT OVERVIEW CROSSROADSPROPERTY NAME AT 395 PRICING AND FINANCIALS

Price: $2,150,000

Cap Rate: 5.61% Number of Suites 1 Gross Leasable Area (GLA) 2,516 SF Lot Size 0.71 Acres Year Renovated 2016 Occupancy 100.00% Rent to Sale Ratio < 6.85% *Based on Annual Sales of 2018 THE OFFERING RENT SCHEDULE Property Domino’s YEAR ANNUAL RENT MONTHLY RENT RENT/SF Property Address 14125 SE Mill Plain Blvd Vancouver, WA Yr 1 - Yr 5 $120,661 $10,055.08 $47.96 Price $2,150,000 Yr 6 - Yr 10 $132,727 $11,060.59 $52.75 Capitalization Rate 5.61% Option 1 (Yr11 - Yr15) $146,000 $12,166.65 $58.03 Price/SF $854 Sale Type Sale Leaseback Option 2 (Yr16 - Yr20) $160,600 $13,383.32 $63.83 Option 3 (Yr21 - Yr25) $176,660 $14,721.65 $70.21 PROPERTY DESCRIPTION Option 4 (Yr26 - Yr30) $194,326 $16,193.81 $77.24 Year Built / Renovated 1998 / 2016 Gross Leasable Area 2,516 SF Zoning C3 Type of Ownership Fee Simple Lot Size 0.71 Acres

LEASE SUMMARY Property Subtype Net Leased Restaurant Tenant Domino’s Rent Increases 10% Every 5 Yrs Guarantor 7 Yrs Franchisee Personal Guarantee Lease Type Absolute Net Lease Commencement Brand New Lease Upon Sale Lease Expiration 10 Yrs from Lease Commencement Lease Term 10 Yrs Term Remaining on Lease (Years) 10 Yrs Renewal Options 4 - 5 Year Options with 10% Increase Landlord Responsibility None Tenant Responsibility Absolute Net

4 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 1: INVESTMENT OVERVIEW CROSSROADSPROPERTY NAME AT 395 PROPERTY OVERVIEW PricingMARKET and Financials COMPERABLES

Property Description

HST Commercial is pleased to present Domino’s Pizza property located in Portland- Vancouver market on SE Mill Plain Blvd Vancouver, WA. This is an absolute-net lease deal with zero Landlord responsibilities or expenses. This Sale-Leaseback opportunity offers a brand-new 10 year lease with 4-5 Year Options, and a 10% increase every 5 Years. This location is doing excellent sales that results in a low rent to sales ratio.

This is a recently renovated property that reflects state of the art workmanship and eye for detail. The property lies on a convenient intersection to the south side of busy Mill Plain Blvd with easy access from three sides. The property is surrounded by dense residential areas as well as retail and other businesses. Main highways I-205 and I-5 are minutes away, giving an easy connection to Portland downtown as well as the airport apart from various locations of varied interests.

Investment Highlights

➢ Absolute Net Lease with zero landlord responsibilities.

➢ Fantastic annual sales (Please Contact Agent For Details).

➢ New 10 Year Lease with 10% increase every 5 Years.

➢ 4 - 5 Year options with 10% rental increase in each option.

➢ The operator has almost 2 decades of experience with the franchise.

➢ Operator owns 23 Domino’s business units in and Washington.

➢ Excellent traffic count over 32,000 VPD. CLOSE PROXIMITY TO: ➢ Strategically positioned on the SE Mill Plain Blvd just off Interstate 205, and surrounded by numerous national retailers including Safeway, Chucks Produce, McDonald's, Walgreens and many more. 5 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 1: INVESTMENT OVERVIEW CROSSROADSPROPERTY NAME AT 395 DOMINO’S (DPZ) PROFILE PricingMARKET and Financials COMPERABLES

Domino’s company profile

Domino’s stocks(DPZ) have risen a phenomenal more than 2,000% since 2010. Domino’s is the second largest pizza restaurant chain in the world, with more than 15,300 locations in over 85 markets. It was founded in 1960, While they are known for convenient pizza delivery, a significant amount of sales also come from carryout. On average, it sells more than 1.5 million pizzas each day throughout their global system. Their business model involves handcrafted, quality food at a competitive price, with easy ordering access and efficient service which are aided by their technology innovations. Dough is generally made fresh and distributed to stores around the world by the company and its franchisees. They have historically returned cash to shareholders through dividend payments and share buybacks since becoming a publicly traded company.

Patrick Doyle took over as CEO of Domino’s Pizza in 2010. On Doyle’s watch, the company executed on completely overhauling its pizza recipe and the rest of its menu; won over the digital generation with its online ordering system that works great and is actually a little bit of fun; and developed a cult following among its customers. Basically, the ultimate on-demand startup. It also made its shareholders lots and lots of money. Here’s a look at the stock price growth of Domino’s Pizza under Doyle compared with the FAANG stocks of the tech industry during that timeframe: Facebook, Amazon, Apple, Netflix and Google/Alphabet.

6 MAPS, AERIAL & TRAFFIC DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 2: MAPS, AERIALS & TRAFFIC CROSSROADSPROPERTY NAME AT 395 REGIONAL MAP

CLARK COUNTY: Situated in the heart of the Pacific Northwest, Clark County is exceptionally well-positioned to access major West Coast, Midwest & International markets through multiple connections to I-5, I-84, deep water ports, rail, & the Portland International Airport (PDX). Clark County offers a nimble business environment in one of the most cost-competitive communities on the West Coast; providing an ample supply of development-ready land, competitive lease rates, abundant clear water and some of the lowest utility rates in the U.S

STATE BUSINESS INCENTIVES • Tax exemptions available for Manufacturing, Food Processing & Distribution • Sales & Use Tax Exemption for Machinery & Equipment Employment Training B&O Tax Credit • Main Street Tax Credit • Renewable Energy Tax Exemption • Commercial & Industrial Lighting Incentive Program • Natural Gas Equipment Incentive • Commute Trip Reduction Program • On the Job Training (OJT) Program • Incumbent Worker Training Program • Clark Public Utilities Custom Projects Incentive

BUSINESS TAX SUMMARY No Corporate or Personal Income Tax State Business & Occupation (B&O) Tax ranges from.13%-1.5% State & Local Combined Retail Sales Tax is 8.4% Unemployment Insurance Tax averages 2.07% on the first $47,300 in wages Worker's Compensation averages $0.744 per hour # 8 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 2: MAPS, AERIALS & TRAFFIC CROSSROADSPROPERTY NAME AT 395 AERIAL & VIDEO

Subject Property

9 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 2: MAPS, AERIALS & TRAFFIC CROSSROADSPROPERTY NAME AT 395 TRAFFIC & INTERACTIVE MAP

Collection Street Cross Street Cross St Dist & Dir Traffic Volume Count Year Dist from Subject SE Mill Plain Blvd SE Olympia Dr 0.06 W 32,812 2017 0.11 SE Mill Plain Blvd SE 139th Ave 0.04 E 37,939 2017 0.15 SE Mill Plain Blvd SE 139th Ave 0.04 E 38,452 2016 0.15 SE Mill Plain Blvd SE Park Crest Ave 0.02 E 38,857 2012 0.21 SE Mill Plain Blvd SE Hearthwood Blvd 0.02 E 38,291 2017 0.21 SE Park Crest Ave SE Mill Plain Blvd 0.04 N 8,956 2012 0.24 SE Park Crest Ave SE 152nd Ave 0.35 SE 6,495 2017 0.24 SE Hearthwood Blvd 0.00 14,754 2012 0.24 SE Hearthwood Blvd SE Mill Plain Blvd 0.07 S 8,004 2017 0.24 PHOTO TOUR DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 3: PHOTO TOUR CROSSROADSPROPERTY NAME AT 395 INTERIOR PHOTOS

12 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 3: PHOTO TOUR CROSSROADSPROPERTY NAME AT 395 INTERIOR PHOTOS

13 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 3: PHOTO TOUR CROSSROADSPROPERTY NAME AT 395 INTERIOR PHOTOS

14 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 3: PHOTO TOUR CROSSROADSPROPERTY NAME AT 395 INTERIOR PHOTOS

15 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 3: PHOTO TOUR CROSSROADSPROPERTY NAME AT 395 INTERIOR PHOTOS

5/24/2019 16 DEMOGRAPHICS & MARKET REPORT DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 DEMOGRAPHICS

Radius 1 Mile 3 Mile 5 Mile 2023 Projection 20879 118241 233781 2018 Estimate 19,415 109,507 216,602 2010 Census 18,140 99,571 195,580 Growth 2018-2023 0 0 0 Growth 2010-2018 0.0703 0 0 2018 Population Hispanic Origin 2425 11,380 24,947 2018 Population by Race: White 16,167 90,451 176,856 Black 625 3126 8168 Am. Indian & Alaskan 261 1,254 2,721 Asian 1,090 8,158 15,812 Hawaiian & Pacific Island 314 1,427 2,988 Other 957 5,090 10,057 U.S. Armed Forces: 0 86 211 Households: 2023 Projection 8343 44791 87717 2018 Estimate 7,773 41,549 81,377 2010 Census 7,329 38,092 73,967 Growth 2018 - 2023 0 0 0 Growth 2010 - 2018 0 0 0 Owner Occupied 3391 25305 48477 Renter Occupied 4,382 16,244 32,900 2018 Avg Household Income 74,007 85,755 82,907 2018 Med Household Income 55,616 68,187 65,416 2018 Households by Household Inc: <$25,000 1,133 4,512 11,292 $25,000 - $50,000 2367 9809 18908 $50,000 - $75,000 1,603 8,715 16,863 $75,000 - $100,000 805 5,832 11,035 $100,000 - $125,000 789 4,846 8,966 $125,000 - $150,000 479 3,352 5,630 $150,000 - $200,000 324 2,423 4,668 $200,000+ 274 2,057 4,015

18 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 CONSUMER SPENDING

Annual Consumer Spending 2018 Radius 1 Mile 3 Mile 5 Mile Total Specified Consumer Spending ($) 192,813 1,163,691 2,236,254 Apparel: Total Apparel 11,135 65,841 127,607 Women's Apparel 4,375 26,282 50,520 Men's Apparel 2,336 14,086 27,220 Girl's Apparel 893 5,207 10,212 Boy's Apparel 613 3,577 7,003 Infant Apparel 530 2,923 5,747 Footwear 2,387 13,767 26,906 Entertainment, Hobbies & Pets: Total Entertainment, Hobbies & Pets 16,444 99,734 191,117 Entertainment 3,490 22,531 43,423 Audio & Visual Equipment/Service 7,025 40,906 78,609 Reading Materials 914 5,472 10,320 Pets, Toys, Hobbies 5,016 30,824 58,765 Personal Items 13,925 82,820 158,738 Food & Alcohol: Total Food & Alcohol 55,212 321,653 619,806 Food at Home 30,662 176,635 342,868 Food Away From Home 21,010 124,499 237,668 Alcoholic Beverages 3,540 20,519 39,270 Household: Total Household 24,823 161,225 309,539 House Maintenance & Repair 3,693 27,695 53,253 Household Equipment & Furnishings 10,766 68,059 130,392 Household Operations 7,920 49,269 95,037 Housing Costs 2,444 16,201 30,857 Transportation and Maintenance: Total Transportation and Maintenance 49,036 294,944 567,138 Vehicle Purchases 20,332 124,640 239,097 Vehicle Expenses 1,033 7,727 15,129 Gasoline 17,000 98,861 190,637 Transportation 4,047 25,122 48,215 Automotive Repair & Maintenance 6,623 38,594 74,060 Health Care: Total Health Care 10,510 62,871 120,112 Medical Services 5,934 35,968 68,728 Prescription Drugs 3,599 21,030 40,228 Medical Supplies 977 5,873 11,156 Education & Day Care: Total Education & Day Care 11,728 74,603 142,197 Education 7,369 46,502 88,686 Fees & Admissions 4,359 28,101 53,511

19 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 EMPLOYMENT

Business Employment By Type # Businesses # Employees # Emp/Bus Radius 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile Total Businesses 852 4027 9616 7804 35950 104900 9 9 11 Retail 62 368 1,169 939 5,661 17,322 15 15 15 Wholesale 12 79 370 87 1,798 6,181 7 23 17 Hospitality & Food Service 52 221 559 1,078 3,834 10,465 21 17 19 Real Estate, Renting, Leasing 59 207 495 370 1,443 3,490 6 7 7 Finance & Insurance 100 360 748 450 1,658 5,479 5 5 7 Information 14 78 192 616 2,455 4,475 44 31 23 Scientific & Technology Services 72 310 758 615 1,917 6,238 9 6 8 Management of Companies 0 1 4 0 6 15 0 6 4 Health Care & Social Assistance 290 1,470 2,513 1,639 8,330 15,569 6 6 6 Education Services 12 79 178 483 2,785 9,504 40 35 53 Public Administration & Sales 11 18 84 223 317 2,278 20 18 27 Arts, Entertainment, Recreation 5 49 134 49 509 1,220 10 10 9 Utilities 0 0 4 0 0 15 0 0 4 Admin Support & Waste Management 27 123 351 128 679 2,411 5 6 7 Construction 41 243 763 110 1147 5709 3 5 7 Manufacturing 12 76 333 537 1,603 9,613 45 21 29 Agriculture, Mining, Fishing 1 9 23 5 44 104 5 5 5 Other Services 82 336 938 475 1,764 4,812 6 5 5 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 PORTLAND - VANCOUVER

Overview Retail

12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth 393 k 724 k 3.0% 2.5% Summary

Portland’s economy remains a top performer nationally, spurring confidence in the metro’s retail sector. Strong demand for retail space in Portland has resulted in vacancy compression since the beginning of the recovery. But despite robust absorption, new construction has been limited, and 2019 is anticipated to see cycle-low deliveries. Rent growth remains stronger in Portland than in most West Coast metros, though annual gains declined in 19Q1. Sales volume contracted in 19Q1 but has beaten the historical average for six consecutive years.

Portland’s retail sector is bolstered by its strong economic drivers: above-average population growth, robust job gains, and the high median household income. There is no sales tax in Oregon, another boost to Portland retail. The full impact of new legislation on Portland’s retail sector, including a minimum wage increase and a predictable scheduling law, remains to be seen.

Key Indicators

21 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 ECONOMY

Economy

Healthy economic indicators drive the robust demand in Portland. Incomes and employment growth far exceed the national average, and population growth is strong. The metro is popular with millennials looking for creative, affordable, eco-friendly spaces close to transit hubs that allow them to take advantage of Portland’s high quality of life. Many new residents come in search of a lower cost of living; of the top 10 metros for net domestic migration over the past few years, half are California metros. The lack of a sales tax in Oregon and the lack of an income tax in Washington also appeals.

Developers have identified the strong migration as a demand driver for new projects, many of which are higher density. The Metro Council approved a 2,200-acre Urban Growth Boundary expansion in December 2018, after declining a boundary expansion three years prior. Established in 1979, Portland’s Urban Growth Boundary has since been expanded 36 times.

Intel and Nike, the metro’s largest non-government, non-healthcare employers, have both committed to substantial expansions of their corporate campuses, though each administered sizable job cuts in 2017. In early 2019, Intel announced plans for a 1.5-million-SF expansion to D1X at its Ronler Acres campus in Hillsboro. Previously, the multibillion-dollar D1X development delivered 2.2 million SF in 2015, marking the largest capital project in Oregon’s history. Intel anticipates its workforce increasing by 12%, or 1,748 workers, by 2021. Nike’s history with the state has been somewhat tenuous, but this changed after the legislature agreed to lock in Nike’s state tax rate at current levels. The company’s commitment to the region has culminated in the ongoing construction of 1.4 million SF of office space at its Beaverton campus. Once completed, Nike will occupy 350 acres of contiguous real estate, one of the largest corporate campuses in America.

Nike has attracted a skilled workforce—as well as a number of competitors—to the metro. Dr. Martens, Columbia Sportswear, and Lacrosse Footwear all have headquarters in the region, and Adidas North America is midway through a 425,000-SF office expansion of their headquarters. Under Armor moved into a former YMCA building in Southwest Portland in 2017.

Amazon is another major contributor to Portland's economy and has invested around $2.8 billion into Oregon. After acquiring Portland-based Elemental Technologies for $296 million in October 2015, the company has leased about 200,000 SF of office space in the CBD, along with about 2 million SF of industrial space in the greater Portland metro. Amazon’s industrial footprint includes a sortation center in Hillsboro employing 1,000 workers and fulfillment centers in North Portland (918,000 SF) and Troutdale (860,000 SF), both delivered in 18Q3, that respectively employ 1,000 and 1,500 workers. The Seattle-based e-commerce giant chose to locate in Troutdale partially because it is an Enterprise Zone, a designated area for businesses to get five-year tax abatements. The company will receive around $9.6 million in abatements for this facility, contributing to the $213 million in total tax breaks for the company in Oregon.

22 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 RENT GROWTH

Leasing

Vacancies have steadily tightened since the beginning of the recovery, and big spending from a growing population contributes to that strong demand. However, new supply has been limited compared to previous expansionary periods. This has allowed fundamentals to firm up.

Downtown’s renaissance appears nearly complete, and a lack of retail options should support new development. As of May 2019, in the CBD, there were about 10 properties with at least 10,000 SF of contiguous retail space for lease. Many buildings are being repositioned. A slight vacancy uptick occurred in 17Q3, influenced by Macy's leaving the 208,000-SF Meier & Frank Building downtown. While most of the building was redeveloped into creative office space, Japanese retailer Muji leased 15,000 SF of street-level retail space here, with Urban Works Real Estate listing another 15,000 SF still available for lease.

Downtown’s renaissance appears nearly complete, and a lack of retail options should support new development. As of May 2019, in the CBD, there were about 10 properties with at least 10,000 SF of contiguous retail space for lease. Many buildings are being repositioned. A slight vacancy uptick occurred in 17Q3, influenced by Macy's leaving the 208,000-SF Meier & Frank Building downtown. While most of the building was redeveloped into creative office space, Japanese retailer Muji leased 15,000 SF of street-level retail space here, with Urban Works Real Estate listing another 15,000 SF still available for lease.

Retail absorption in the suburbs continues to pick up the pace. Hobby Lobby signed a 50,000-SF lease at Sherwood Market Center in 19Q1 with move-in set for 19Q3. One year earlier, the retailer took possession of 45,000 SF at Clackamas Promenade. In 18Q3, Ashley Home Furniture leased 24,000 SF at Cascade Boulevard Center in Tigard. The Cali Saigon Mall leased a 102,000-SF former in the Clackamas/Milwaukie Submarket at about the same time.

Population growth, employment growth, and the median household income in Portland are all well above the national average, meaning that more residents with stable paychecks are purchasing goods and services in the metro. Portland offers robust job prospects, and its reputation for high-quality yet relatively affordable living appeals to young families ready to settle down. Retail sales have been strong, but online sales could hurt demand for brick-and-mortar locations, especially in a metro that is increasingly tech-centric.

23 DOMINO’SCrossCross RoadsRoads VANCOUVER, atat 365,365, VictorvilleVictorville CACA WA SECTION 4: DEMOGRAPHICS & MARKET CROSSROADSPROPERTY NAME AT 395 SALES TRENDS

Portland Retail Sales Trends

Market cap rates have held steady and the past five years all round at least $700 million in sales, exceeding the metro’s historical average. A handful of mid-sized trades have already occurred in 2019. In April 2019, the 69,000-SF Hollywood Station sold for $22 million ($318/SF). A 50,000-SF 24 Hour Fitness anchors the asset, recently extending their lease for another 10 years. Vista Investment Group in Santa Monica, California acquired Hollywood Station. Additionally, a Honda dealership and another retail asset on a neighboring plat, totaling 52,000 SF, sold in May 2019 for $21 million ($400/SF). Located on about 6.5 acres in Gladstone, Oregon, a local individual investor sold the properties to owner/user Swickard Auto Group.

The $64.5 million ($189/SF) August trade of the 342,000-SF Gresham Station Shopping Center was 2018’s largest sale by a wide margin. The power center delivered in 2001, and tenants include Old Navy, Best Buy, and Bed Bath & Beyond. Harsch Investment Properties acquired the property from SITE Centers. Selling for a considerably higher per-SF price, the November sale of the 103,000-SF Oswego Village, in affluent Lake Oswego, went for $33.8 million ($329/SF). The high price was achieved even though the neighborhood center delivered in 1959. TRC sold the asset to Asana Partners.

The $26.6 million ($190/SF) sale of the 140,000-SF Wood Village Town Center in February 2018 traded at an 8.86% cap rate. The shopping center delivered in 2006, and tenants include Kohl’s and Party City. Both the seller, Gerrity Group, and the buyer, Commercial Investment Real Estate, are based in the San Diego metro. In addition, the 136,000-SF McMinnville Plaza sold the same month for $17.4 million ($128/SF). Tenants include Ross and JCPenney. An individual buyer acquired the property from Washington Capital Management. Capital Pacific represented the buy and sell sides in both the Wood Village Town Center and the McMinnville Plaza deals.

Other significant sales in 2018 include the May trade of a NNN-leased 77,000-SF Best Buy at Tanasbourne Town Center in Hillsboro, which sold for $19.9 million ($259/SF) between seller Inland Real Estate Group of Companies and buyer Agree Realty Corporation, both REITs. This was 2018’s largest trade of a single retail asset.

24 Presented By

Harris K. Niazi Jaswinder Sidhu Commercial Real Estate Broker Commercial Real Estate Broker HST Commercial Group - Keller Williams Realty Portland Central HST Commercial Group - KW Commercial Portland Central 919 NE 19th Avenue, Suite 100, Portland, OR 97232 919 NE 19th Avenue, Suite 100. Portland, OR 97232 License: OR 201215742 License: WA # 138022 Direct - 248 770-9974 Direct: 843-453-2918 Main - 503 548-4848 Main: 503-548-4848 Fax - 503-548-4888 Fax: 503-548-4888 Email - [email protected] Email: [email protected] Url - www.hstcommercial.com | www.kwcommercial.com Url: www.hstcommercial.com | www.kwcommercial.com COMMERCIAL GROUP