Albertsons at Hillsboro Promenade

ALBERTSONS AT HILLSBORO PROMENADE

Offering Memorandum NON-ENDORSEMENT AND DISCLAIMER NOTICE DISCLAIMER CONTINUED

Buyer and Buyer’s tax, financial, legal, and construction advisors CONFIDENTIALITY AND DISCLAIMER should conduct a careful, independent investigation of any net The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & leased property to determine to your satisfaction with the suitability Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide of the property for your needs. summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a Like all real estate investments, this investment carries significant substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or risks. Buyer and Buyer’s legal and financial advisors must request expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence and carefully review all legal and financial documents related to the of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition property and tenant. While the tenant’s past performance at this or or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has other locations is an important consideration, it is not a guarantee been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus of future success. Similarly, the lease rate for some properties, & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information including newly-constructed facilities or newly-acquired locations, provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate may be set based on a tenant’s projected sales with little or no Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail SPECIAL COVID-19 NOTICE to pay the lease rent or property taxes, or may fail to comply with All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem other material terms of the lease; cash flow may be interrupted in necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, part or in whole due to market, economic, environmental or other due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers conditions. Regardless of tenant history and lease guarantees, and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished Buyer is responsible for conducting his/her own investigation of and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial all matters affecting the intrinsic value of the property and the outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with value of any long-term lease, including the likelihood of locating and rely solely on their own projections, analyses, and decision-making. a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. NON-ENDORSEMENT NOTICE By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or arising out of your investigation and/or purchase of this net leased property. name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NET LEASED DISCLAIMER ACT ID ZAA0210254 Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: BROKER OF RECORD: ADAM LEWIS, OR 201209561 The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any EXCLUSIVELY LISTED BY purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. OFFICES NATIONWIDE AND THROUGHOUT CANADA WWW.MARCUSMILLICHAP.COM ALBERTSONS AT HILLSBORO PROMENADE HILLSBORO, OR

TABLE OF CONTENTS

EXECUTIVE SUMMARY FINANCIAL ANALYSIS SECTION 1 SECTION 2 01 • Offering Highlights 10 • Property Summary • Investment Overview • Operating Data • Investment Highlights • Rent Roll Increases • Close In Map • Tenant Summary • Area Grocers • The Hillsboro Promenade • Aerial • Area Employers

MARKET OVERVIEW & DEMOGRAPHICS 16 SECTION 3 • Portland-Vancouver Metro Overview • Hillsboro, Oregon • Demographics

EXCLUSIVELY LISTED BY RARE PORTLAND MSA NET LEASED EXECUTIVE GROCERY STORE WITH PHARMACY SUMMARY

ALBERTSONS AT HILLSBORO PROMENADE

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACT ID ZAA0210254 ALBERTSONS AT HILLSBORO PROMENADE // EXECUTIVE SUMMARY HILLSBORO PROMENADE // AT ALBERTSONS

/EXECUTIVE SUMMARY ALBERTSONS AT HILLSBORO PROMENADE // OFFERING HIGHLIGHTS ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN

ALBERTSONS AT HILLSBORO PROMENADE HILLSBORO, OREGON

7500 West Baseline Road • Hillsboro, OR 97123

OFFERING PRICE CAP RATE

$9,975,000 7.19%

VITAL DATA

Price $9,975,000

Cap Rate 7.19%

Price/SF $181.14

Net Rentable Area (NRA) 55,068 SF

84,808 $91,585 VEHICLES PER DAY

SW Cornelius Pass Rd NEAR NIKE & SW Baseline Rd Avg. Household Income

& INTEL MARKETING PLAN HILLSBORO PROMENADE // AT ALBERTSONS ALBERTSONS AT HILLSBORO PROMENADE // AT ALBERTSONS EXECUTIVE SUMMARY

/EXECUTIVE SUMMARY ALBERTSONS AT HILLSBORO PROMENADE // INVESTMENT OVERVIEW HIGHLIGHTS ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN

Marcus & Millichap has been selected to exclusively ► Albertsons is proving to be a tenant that is market for sale, the Albertsons grocery store in Hillsboro, COVID-19 resistant. The four-week period Oregon. The subject property serves as the anchor ending April 25, showed a 21 percent gain over tenant for Hillsboro Promenade, a popular neighborhood last year. See links below shopping center located in Hillsboro, ten miles west of Portland. Part of the “Silicon Forest,” Hillsboro is home to ► SupermarketNews.com several major tech companies such as Intel and IBM and is ► RetailLeader.com close to nearby Nike World Headquarters in neighboring, Beaverton. The subject property is nearby the new Urban ► Rare Pacific Northwest Single-Tenant NNN Growth Boundary expansion, which will add approximately Leased Investment Opportunity 25,000 new residents in the immediate area ► Corporate Guaranteed by Albertsons LLC Built in 1998, the subject property has a triple-net (NNN) ► Approximately Three and a Half Years lease with approximately three and a half years remaining Remaining on the Primary Lease Term with on the current 25-year term and six 5-year renewal options Rent Increases at Renewal Options guaranteed by Albertsons LLC. The subject property consists of a single-level 55,068-square foot structure ► Anchor Tenant for an Approximately located on a 4.67-acre parcel within Hillsboro Promenade. 90,000-square Foot Neighborhood Shopping It is a steel-framed building with an attractive exterior Center with Several National Credit Tenants design, and is clad with split-faced concrete masonry units, EIFS, and decorative river rock stone highlights ► Excellent Accessibility Near the Signalized Intersection of Southwest Cornelius Pass This store is the anchor tenant for a beautiful and Road and West Baseline Road (84,808 VPD) impeccably maintained 90,000-square foot neighborhood ► Frontage on Southwest Cornelius Pass Road, shopping center that was also constructed in 1998. In the primary north-south arterial connecting addition, the supermarket and shopping center have Highway 26 (135,000+ VPD) and Southwest excellent accessibility, with a signalized entry from Tualatin Valley Highway (40,000+ VPD) Southwest Baseline Road and direct access off Southwest Cornelius Pass Road (84,808 vehicles per day). In 2016 ► High Growth Area Supported by Intel’s Cornelius Pass Road completed a widening project that Continuing Investment with a New 2019 improved the traffic counts as a primary north-south Billion Dollar Development Less than Two arterial connecting the Sunset Highway (US Hwy 26) to the Miles from the Subject Property and nearby Southwest Tualatin Valley Highway, the two primary east- the Urban Growth Boundary expansion MARKETING PLAN HILLSBORO PROMENADE // AT ALBERTSONS west traffic routes between Portland and the Washington HILLSBORO PROMENADE // AT ALBERTSONS EXECUTIVE SUMMARY County suburbs. 10 11

/EXECUTIVE SUMMARY ALBERTSONS AT HILLSBORO PROMENADE // ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN HILLSBORO PROMENADE // AT ALBERTSONS ALBERTSONS AT HILLSBORO PROMENADE // AT ALBERTSONS EXECUTIVE SUMMARY

12 13

/EXECUTIVE SUMMARY ALBERTSONS AT HILLSBORO PROMENADE // CLOSE IN MAP AREA GROCERS ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN

84,808 VPD At Intersection of SE Cornelius Pass Road and West Baseline Road/East Main Street ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN HILLSBORO PROMENADE // AT ALBERTSONS ALBERTSONS AT HILLSBORO PROMENADE // AT ALBERTSONS EXECUTIVE SUMMARY

1014 15

TOP 10 HILLSBORO EMPLOYERS

/EXECUTIVE SUMMARY ALBERTSONS AT HILLSBORO PROMENADE // AERIAL AREA EMPLOYERS Intel (20,000)

ALBERTSONS AT HILLSBORO PROMENADE // MARKETING PLAN Kaiser Permanente (2,405) Nike (2,000) DOWNTOWN PORTLAND 10 MILES Wells Fargo (1,800)

Qorvo (715)

Tokyo Electron America (650) First Tech Credit Union (630) Genentech (606) Standard Insurance (560)

*Source www.Hillsboro-Oregon.gov TANASBOURNE TOWN CENTER federal credit union

PORTLAND HILLSBORO AIRPORT

AMBERGLEN 217-ACRE BUSINESS CAMPUS

SUBJECT PROPERTY

BROCKWOOD SUBJECT ELEMENTARY PROPERTY

IMLAY ELEMENTARY R.A. MIDDLE SCHOOL TOBIAS ELEMENTARY 16 MARKETINGFINANCIAL $9,975,000 7.19% ANALYSISPLAN SALE PRICE CAP RATE ALBERTSONS AT HILLSBORO PROMENADE

Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACT ID ZAA0210254 MARKETING PLAN HILLSBORO PROMENADE // AT ALBERTSONS ALBERTSONS AT HILLSBORO PROMENADE // FINANCIAL ANALYSIS HILLSBORO PROMENADE // AT ALBERTSONS

19 PROPERTY SUMMARY ALBERTSONS AT HILLSBORO PROMENADE // FINANCIAL ANALYSIS

THE OFFERING ANNUALIZED OPERATING DATA

PROPERTY ALBERTSONS AT HILLSBORO PROMENADE PERIOD ANNUALLY MONTHLY

Property Address 7500 W Baseline Road, Hillsboro, OR 97123 Current Rent ($13.02 PSF) $716,985 $59,749 Price $9,975,000 NET OPERATING INCOME $716,985 $59,749 Net Operating Income $716,985

CAP Rate 7.19% Less Debt Service ($409,458) ($24,121.52)

Net Rentable Area (NRA) 55,068 SF CASH FLOW $307,527 $25,627

Lot Size 4.67 AC

Price per Square Foot $181.14

RENTAL INCREASES ANNUALLY MONTHLY

FINANCING Option #1 (May 2023 – 2028) $752,834.63 $62,736.22

Loan (60% LTV) $5,985,000 Option #2 (May 2028 - 2033) $790,476.36 $65,873.03

Down Payment $3,990,000 Option #3 (May 2033 - 2038) $830,000.18 $69,166.68

Interest Rate 4.75% Option #4 (May 2038 - 2043) $871,500.19 $72,625.02

5-Year Fixed with Additional 5-Year Option #5 (May 2043 - 2048) $915,075.20 $76,256.27 Term Fixed for a 10-Year Maturity Option #6 (May 2048 - 2053) $960,828.96 $80,069.08 Amortization 25 Years

Debt Recourse

Loan information is subject to change. Contact your Marcus and Millichap Capital Corporation representative for more information. ALBERTSONS AT HILLSBORO PROMENADE // FINANCIAL ANALYSIS HILLSBORO PROMENADE // AT ALBERTSONS

NOTE: Tenant Reimbursement for the Management Fee is limited to 10% of Albertson’s Prorata CAM Expenses. 20 21 TENANT SUMMARY THE HILLSBORO PROMENADE ALBERTSONS AT HILLSBORO PROMENADE // FINANCIAL ANALYSIS

TENANT SUMMARY Part of Sale

Tenant Albertsons LLC (subsidiary of Albertsons Companies, Inc.)

Ownership Private

Guarantor Corporate

Number of Locations 2,300+

Website www.albertsons.com

Lease Type Triple Net (NNN) *Inside grocery location *Inside grocery location Roof and Structure Tenant Responsible*

Original Lease Term 25 Years

Lease Commencement 2/13/1997

Lease Expiration 5/5/2023 Term Remaining 3+ Years Not Part of Sale Increases At Option Periods

Options Six 5-Year Options

*Tenant is responsible for roof and structure through 2021. Landlord becomes responsible for all roof and structural maintenance and repairs for the final two years of the original 25 year term plus all option periods.

Founded in 1939 and based in Boise, Idaho, Albertsons Companies, Inc. is the 2nd largest traditional grocer in the United States after Kroger serving over 34 million customers per week and generating $60 billion in sales annually. In January 2015, Albertsons merged with Safeway, creating a best-in-class organization dedicated to bringing a better shopping ex- perience to customers across the country. The Company’s powerful combination of strong local presence and national scale, vast range of brands and products, and service-oriented staff enable them to meet evolving shopping preferences. As of February 2019, the Com- pany operated 2,269 stores across 35 states under 20 well-known banners with long operating histories. Albertsons has grown strategically through a series of strategic acquisitions in recent years into a $2.7 billion adjusted EBITDA company as of fiscal year 2018 ended February 23, 2019, and in Q4 2018 the Company had generated $727 million in adjusted • Aloha Sewing and Vacuum • Five Friends

EBITDA. Albertsons maintains a corporate credit rating of B1 / B by Moody’s and S&P, FINANCIAL ANALYSIS HILLSBORO PROMENADE // AT ALBERTSONS respectively. Although Albertsons does not report on individual store sales, we are led to • Choice Cleaners • Natural Nails believe that sales have markedly increased since the beginning of the Covid-19 pandemic. All stats as of the company’s second quarter ended 9/7/2019 • Dede’s Lottery Cafe • Smoke 4U 22 23 STRONG DEMOGRAPHICS MARKET OVERVIEW HIGH GROWTH AREA & DEMOGRAPHICS ALBERTSONS AT HILLSBORO PROMENADE

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACT ID ZAA0210254 ALBERTSONS AT HILLSBORO PROMENADE // MARKET OVERVIEW HILLSBORO PROMENADE // AT ALBERTSONS

25 PORTLAND-VANCOUVER METRO DEMOGRAPHIC HIGHLIGHTS

/MARKET OVERVIEW ALBERTSONS AT HILLSBORO PROMENADE // The Portland-Vancouver metro is located near the confluence of the Columbia and Willamette rivers and stretches across the Oregon border into Washington State. The region is composed of Multnomah, Clackamas, Columbia, Washington and Yamhill counties in Oregon, and Clark and Skamania counties in Washington.

Mount Hood and the Cascade Range stand to the east, and the Oregon Coast Mountain Range lies to the west. The metro contains approximately 2.5 million residents, with more than 656,000 people residing in Portland, the area’s most populous city and the seat of Multnomah County.

ECONOMY

► Lower land costs than other West Coast metros, a skilled labor pool and affordable, abundant power attract companies to the region. The favorable tax structure, with no state income taxes in Washington and no sales tax in Oregon, also lures businesses.

► The metro’s economy has shifted from timber to industries that include athletic and outdoor activities, clean tech, advanced manufacturing and Big-Name Companies Create More High-Paying Jobs, Painting Bright Outlook for Portland Retail software. Healthy economic indicators fuel retail expansions and repositioning efforts of vacated department stores. Confidence ► A diverse group of companies based in the metro include Nike, Daimler, remains high in Portland’s retail sector as robust population growth, healthy job gains and strong buying power Vigor Industrial, Intel and IBM. reinforce the market. Apple, Amazon, and Nike and its competitors keep growing and adding high-paying jobs in the metro, motivating recent lease signings by Hobby Lobby, Big Lots, Safeway and Gold’s Gym. While tenant demand DEMOGRAPHICS has been strong, absorption in the first half of 2019 was impacted by multiple move-outs, though none was for more than 30,000 square feet. Several larger department store move-outs in earlier years have already been repositioned ► The metro is expected to add nearly 163,200 people over the next five and spoken for as Live Nation will occupy a former Nordstrom and Regal Cinemas takes space at a former Sears. With years, resulting in the formation of nearly 74,400 households. a shrinking development pipeline, more demand will be funneled to existing space, encouraging repositioning efforts and supporting rent growth. ► A median home price well above the U.S. level means 59 percent of households can afford to own their home, which is above the national rate New retail supply concentrated in neighborhood centers and mixed-use complexes near employment nodes, major of 57 percent. thoroughfares. Approximately 470,000 square feet is underway across the metro, headlined by Parkway Village South in Sherwood, which will total more than 110,000 square feet when fully finalized. Phase one of the neighborhood ► Of residents age 25 and older, 37 percent hold bachelor’s degrees, and 14 center is already operational, tenanted by Walmart, multiple quick-service restaurants, health-related services and HILLSBORO PROMENADE // AT ALBERTSONS MARKET OVERVIEW percent have also obtained a graduate or professional degree. more. Other major projects include Mercantile Village with 50,000 square feet of retail and Pioneer Village north of Portland in Ridgefield at roughly 80,000 square feet. Sources: CoStar Group, Inc.; Real Capital Analytics 26 27 SOUTH HILLSBORO COMMUNITY PLAN /MARKET OVERVIEW ALBERTSONS AT HILLSBORO PROMENADE // Hillsboro is the largest city in Washington County, the second most populous county in Oregon, and part of the Portland-Vancouver OR- WA Metropolitan Statistical Area, the 23rd largest metropolitan area in the United States with over 2.4 million people. Located only ten miles west of the Portland Central Business District, Hillsboro has been one of Oregon’s fastest growing cities over the last twenty years and its population has tripled to over 95,000 people during this time. Additional growth is expected with the South Hillsboro Community Plan. Adopted in 2014, the plan envisions long-term development over the next 20 years including approximately 8,000 residences of diverse types to help meet the needs of the City’s growing workforce and ultimately providing housing for nearly 20,000 residents. Cornelius Pass Road which bisects the planned development will be an essential arterial for South Hillsboro and could increase traffic counts at the subject property as development continues.

Cornelius Pass Rd The Portland Metro Area and the City of Hillsboro, in particular, are known for their high quality of life. The area’s natural beauty, SUBJECT PROPERTY excellent local schools, responsible community planning and superior transportation access via major regional highways and the MAX Light Rail system have spurred the area’s rapid growth over the last twenty years, and will likely continue to attract new residents and major employers for the foreseeable future.

SUNSET CORRIDOR

Portland Metro area’s Sunset Corridor is home to the largest concentration of Oregon high-tech firms including Intel, Tektronix, IBM, FEI and Planar Systems as well as large international brands like Columbia Sportswear, Nike and more. Named for Highway 26, the Sunset Highway, this corridor connects the larger tech and manufacturing campuses in the suburbs of Hillsboro and Beaverton to Downtown Portland approximately ten miles away. With so many employers setting up shop in the Sunset Corridor, the surrounding neighborhoods including Hillsboro make ideal places for employees to make their homes.

TECHNOLOGY CAMPUSES OF THE SILICON FOREST South Hillsboro is intended to meet a variety of housing needs for future residents. The scale, Much of Washington County and Hillsboro’s growth has been a result of the presence and expansion of several major employers in the density, and type of housing will include a com- area, particularly semi-conductor and technology companies such as Intel which recently announced they plan to build a third phase of bination of executive, low-density, medium-densi- its massive D1X manufacturing complex at the Ronler Acres Campus located less than two miles north of the subject property. Devel- ty, high-density, and mid-rise residential uses, as opment of the D1X factory began in 2010 and the first two phases were more than 1.1 million square feet. The third phase, beginning well as mixed-use residential/commercial areas, in 2019 and estimated in the billions, is anticipated to be one of the largest capital projects in Oregon’s history and is scheduled to consistent with current and future market de- increase D1X’s manufacturing space by about 50 percent. Intel is among Oregon’s largest economic engines and though headquartered mand in the area. The land use plan leverages op- in the Silicon Valley of California, the company has more than 20,000 workers in Washington County, which is more than anywhere else portunities to develop a mix of housing types and

it operates and more than any other Oregon business. Due to the presence of Intel and several other major technology campuses, Wash- price ranges for Hillsboro’s growing workforce, es- HILLSBORO PROMENADE // AT ALBERTSONS MARKET OVERVIEW ington County is often referred to as the “Silicon Forest”. Other notable companies in the region include IBM, Genentech, Solarworld, pecially for the forecasted number of employees Tektronix, Tau Science, FEI (Thermo Fisher Scientific) Qorvo, Planar Systems, and Lattice Semiconductor. Washington County also has within professional and business, retail, leisure, a large cluster of sports apparel companies and the world headquarters for both Columbia Sportswear and Nike. Inc. hospitality, and health services. 28 29 DEMOGRAPHIC HIGHLIGHTS Albertsons/Safeway Grocers DEMOGRAPHIC SUMMARY

/MARKET OVERVIEW ALBERTSONS AT HILLSBORO PROMENADE // All Other Grocers

TOTAL POPULATION 1 MILES 3 MILES 5 MILES HOUSEHOLD EXPENDITURE 1 MILES 3 MILES 5 MILES

2024 Projection 24,855 145,558 300,539 Total Avg Household Retail Expenditure $79,695 $75,771 $77,217 134,795 Consumer Expenditure Top 10 Categories POPULATION 2019 Estimate 23,039 134,795 281,079 Housing $22,328 $21,237 $21,474 IN 3-MILE RADIUS 2010 Census 20,273 118,188 250,002 Transportation $14,583 $13,571 $14,015 Shelter $14,150 $13,459 $13,537 2000 Census 15,038 93,109 205,746 Food $8,642 $8,093 $8,218 2019 Daytime Population 17,617 127,127 267,132 Personal Insurance and Pensions $7,461 $6,867 $7,002 Health Care $4,778 $4,529 $4,716 69% Entertainment $3,651 $3,367 $3,459 INCREASE OVER TOTAL HOUSEHOLDS 1 MILES 3 MILES 5 MILES Utilities $3,638 $3,486 $3,553 2000 CENSUS 2024 Projection 9,001 56,289 113,495 House Furnishings & Equipment $2,263 $2,131 $2,199 Cash Contributions $2,171 $2,186 $2,208 2019 Estimated Households 8,212 51,530 105,278 2019 Average Household Size 2.77 2.6 2.64 2010 Census 7,041 44,306 92,210 POPULATION PROFILE 1 MILES 3 MILES 5 MILES 2000 Census 5,128 34,653 75,649 Population By Age $91,585 2019 Estimate Total Population 23,039 134,795 281,079 AVG. HOUSEHOLD INCOME 1 MILES Under 20 27.64% 25.97% 26.44% 20 to 34 Years 23.48% 25.79% 23.19% IN 1-MILE RADIUS HOUSEHOLDS BY INCOME 1MILES 3 MILES 5 MILES 35 to 39 Years 9.67% 9.27% 8.62% 40 to 49 Years 15.67% 13.64% 14.20% SOUTH HILLSBORO 2019 Estimate $150,000 or More 11.01% 11.28% 15.11% 50 to 64 Years 15.29% 15.22% 16.53% $100,000 - $149,000 22.35% 20.31% 20.61% Age 65+ 8.26% 10.11% 11.03% $75,000 - $99,999 22.04% 19.99% 17.93% Median Age 34.43 34.12 35.22 127,127 $50,000 - $74,999 19.63% 19.00% 17.12% Population 25+ by Education Level DAYTIME POPULATION $35,000 - $49,999 10.17% 10.75% 10.43% 2019 Est. Population Age 25+ 15,257 91,294 189,708 IN 3-MILE RADIUS Under $35,000 14.80% 18.66% 18.80% Elementary (0-8) 1.14% 2.86% 3.19% 3 MILES Average Household Income $91,585 $89,680 $99,126 Some High School (9-11) 4.46% 4.95% 4.90% Median Household Income $81,038 $76,948 $80,026 High School Graduate (12) 20.12% 19.22% 18.06% Per Capita Income $32,669 $34,385 $37,281 Some College (13-15) 24.41% 23.19% 22.21% Associate Degree Only 12.21% 10.29% 9.19% Source: © 2019 Experian

Bachelors Degree Only 23.85% 24.03% 25.66% HILLSBORO PROMENADE // AT ALBERTSONS MARKET OVERVIEW 34 Graduate Degree 12.33% 14.05% 15.36% PUBLIC SCHOOLS IN THE HILLSBORO DISTRICT 30 5 MILES 31 ALBERTSONS AT HILLSBORO PROMENADE

HILLSBORO, OR

EXCLUSIVELY LISTED BY: