2795 Se Tv Highway Prime Owner/User Retail Property with Income in Densely Populated Area of Portland Msa

YOUR BUSINESS HERE

2795 SE TV HIGHWAY PRIME OWNER/USER RETAIL PROPERTY WITH INCOME IN DENSELY POPULATED AREA OF PORTLAND MSA

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 receivingYOUR it from Commercial BUSINESS Integrity, NW HEREand 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

YOUR BUSINESS HERE 05 THE SYNOPSIS 06 FINANCIAL SYNOPSIS 07 PROPERTY SYNOPSIS 09 THE NUMBERS 10 RENT ROLL | INTELLIGENT PRICING MODEL 11 OWNER/USER SALE COMPARABLES 12 OWNER/USER SALE COMPARABLES 15 THE DETAILS 16 AERIAL MAP 17 YOUR BUSINESS HERE AREA OVERVIEW 18 DEMOGRAPHICS 2795 SE TV HIGHWAY | HILLSBORO, OR YOUR BUSINESS HERE

SIGNIFICANT FRONTAGE ON TUALATIN VALLEY HIGHWAY (OR HIGHWAY 8) AND EXPOSURE TO NEARLY 30,000 VEHICLES PER DAY

4 2795 SE TV HIGHWAY THE SYNOPSIS YOUR BUSINESS HERE 2795 SE TV HIGHWAY | HILLSBORO, OR

$1,960,000 | $135.00 PSF FINANCIAL SYNOPSIS

2795 SE TV HIGHWAY 2795 SE TV HWY • HILLSBORO, OREGON 97123

$1,960,000 Building . . . 14,500 SF Zoning . . . CG (General) Land . . . 40,075 SF # of Suites . . . 3 $135.00 PSF Acres . . . 0.92 AC Occupancy . . . 59% Year Built . . . 1960 # of Buildings . . . 2 # Of Parcels . . . 1 Vehicles Per Day . . . 29,827+ at SE TV Highway

YOUR BUSINESS HERE

6 2795 SE TV HIGHWAY PROPERTY SYNOPSIS

• 2795 SE Tualatin Valley Highway Is an Owner/User Opportunity with In-Place Income Located in a Fast-Growing Area of the Portland MSA.

• The Investment Provides a Superb 9.00% Return On In-Place Net Operating Income and the 6,000-SF Vacancy Is Offered at $150 PSF for an Owner/User. Contact Advisor for More Details.

• Electric Lettuce Dispensary Is a Recreational Dispensary Founded in 2017 with 13 Additional Locations in the Portland MSA.

• The Center Is Ideally Positioned on Oregon Route 8 (Tualatin Valley Highway), a Major State Highway That Serves the Western Suburbs of Portland through the Tualatin Valley, and Is Visible to Nearly 30,000 Vehicles per Day.

• 2795 SE Tualatin Valley Highway Is Next-Door to Hillsboro Esplanade (Target and Safeway Anchored) and Hillsboro Town Center (Office Depot and Bi-Mart Anchored), Two Established Neighborhood Retail Centers Providing Daily Needs Draw to the Area.

• The Densely-Populated Neighborhood of Hillsboro That Surrounds the Subject Property Boasts a High Average Household Income of $99,793+ within a three-Mile Radius of the Subject Property.

2795 SE TV HIGHWAY 7 2795 SE TV HIGHWAY | HILLSBORO, OR YOUR BUSINESS HERE

NEXT-DOOR TO SUNSET ESPLANADE, A DESTINATION POWER CENTER ANCHORED BY TARGET, RITE AID, JO-ANN FABRICS AND SAFEWAY

8 2795 SE TV HIGHWAY THE NUMBERS YOUR BUSINESS HERE 2795 SE TV HIGHWAY | HILLSBORO, OR YOUR BUSINESS HERE RENT ROLL | INTELLIGENT PRICING MODEL

TENANT INFO SQUARE FEET CURRENT RENT Lease Lease % of Annualized Rent Tenant Suite Square Ft. Occupied Vacant Monthly Rent Annualized Rent Start End Building PSF Electric Lettuce 3/31/17 4/30/25 7,000 7,000 - 43.20% $7,956.75 $95,481.00 $13.64 Ron's Auto Sales Outparcel 7/31/18 12/31/22 1,500 1,500 - 22.50% $2,594.00 $31,128.00 $20.75 VACANT - - 6,000 - 6,000 - $5,000.00 $60,000.00 $10.00

Totals 14,500 58.62% 41.38% 100.00% $15,550.75 $186,609.00 $12.87

INCOME DATA CURRENT PSF Gross Rental Income $126,609.00 $8.73 2795 SE TV HIGHWAY | HILLSBORO, OR Billboard Income $3,200.00 $0.22 Reimbursements $22,676.92 $1.56 Total Income $152,485.92 $10.52 Vacancy Factor ($7,624.30) (5.00%) Effective Gross Income $144,861.62 $9.99 2019 YE EXPENSES CURRENT PSF Taxes $13,674.24 $0.94 Insurance $11,110.11 $0.77 Water & Sewer $3,822.76 $0.26 Electricity $12,198.61 $0.84 Natural Gas $237.73 $0.02 Repairs & Maintenance $1,575.54 $0.11 Management Fee (3.00% of EGI) $4,345.85 $0.30 Reserves ($0.20 PSF) $2,900.00 $0.20 Total Operating Expenses ($49,864.84) ($3.44) Net Operating Income $94,996.78 $6.55 9.00% CAP RATE ON CURRENT INCOME $1,060,000.00 6,000 SF VACANCY @ $150 PSF $900,000.00 SALES PRICE $1,960,000.00

10 2795 SE TV HIGHWAY OWNER/USER SALE COMPARABLESYOUR BUSINESS HERE 2795 SE TV HIGHWAY | HILLSBORO, OR OWNER/USER SALE COMPARABLES 7955 NE NICHOLAS COURT 1 7955 NE NICHOLAS CT • HILLSBORO, OR 97124 Sale Date April 2020

Sale Price $1,100,000

Building SF 4,750

Price/SF Building $232.00

1748 NE 25TH AVENUE 2 1748 NE 25TH AVE • HILLSBORO, OR 97124 Sale Date October 2019

Sale Price $1,300,000

Building SF 7,226

Price/SF Building $180.00

55 SW 345TH AVENUE 3 55 SW 345TH AVE • CORNELIUS, OR 97123 Sale Date October 2019

Sale Price $1,850,000

Building SF 11,200

Price/SF Building $165.00

12 2795 SE TV HIGHWAY OWNER/USER SALE COMPARABLES 636 SW OAK STREET 4 636 SW OAK ST • HILLSBORO, OR 97123 Sale Date September 2019

Sale Price $1,000,000

Building SF 6,250

Price/SF Building $160.00

2795 SE TV HIGHWAY 13 2795 SE TV HIGHWAY | HILLSBORO, OR YOUR BUSINESS HERE

ELECTRIC LETTUCE DISPENSARY IS A RECREATIONAL DISPENSARY FOUNDED IN 2017 WITH 13 ADDITIONAL LOCATIONS IN THE PORTLAND MSA

14 2795 SE TV HIGHWAY THE DETAILS YOUR BUSINESS HERE 2795 SE TV HIGHWAY | HILLSBORO, OR

14,500 SF BUILDING | 40,075 SF LAND AERIAL MAP

Brookwood Elementary Turner School Creek Park WL Henry Elementary School

SE River Rd – 12,735+SE Tualatin VPD Valley Hwy – 29,827+ VPD

SUNSET ESPLANADE 2795 SE TV SHOPPING CENTER HIGHWAY (363,000 SF)

16 2795 SE TV HIGHWAY AREA OVERVIEW

ABOUT HILLSBORO, OR Hillsboro, Oregon is west of the city of Portland and is the county seat of Washington County. It is the state’s fourth largest school district and fifth largest city with over 100,000 residents and provides an affordable cost of living to its diverse population. Because of its location within the Tualatin Valley, a farming region formed by the Tualatin Valley at the Northwest corner of the Willamette Valley, it is home to a variety of family farms and wineries that draws visitors from all over the state. Over recent years, Downtown Hillsboro has transformed into a quaint destination and the city’s art and cultural hub with Downtown Hillsboro image: tualatinvalley.org many galleries, antique shops, live music venues and theatre companies. It is well-served by MAX Light Rail’s blue line. Hillsboro operates more than 20 parks and provides over 1,500-acres of green space including the Jackson Bottom Wetlands Preserve, a 635-acre wildlife preserve destination for hiking, bird watching and wildlife viewing within the city limits. It is also home to the Hillsboro Hops, a minor league image jacksonbottom.org baseball team who play at the Hillsboro Stadium, as well as large Jackson Bottom Wetlands Preserve corporate campuses for both Nike and Intel who provide a large base of employment for the area.

Hillsboro Hops at Ron Tonkin Field image: en.wikipedia.org

2795 SE TV HIGHWAY 17 DEMOGRAPHICS

1 Mile 3 Miles 5 Miles AVG HOUSEHOLD INCOME $86,342 $99,793 $97,120 # OF HOUSEHOLDS 4,512 27,244 69,491 2020 POPULATION 14,775 90,860 193,216 DISTANCE TO DOWNTOWN PORTLAND Approx 18.7 Miles DISTANCE TO PORTLAND INTERNATIONAL AIRPORT Approx 30 Miles TRAFFIC COUNTS 29,827+ Vehicles Per Day Along SE Tualatin Valley Highway 12,735+ Vehicles Per Day Along SE River Road COUNTY Washington METROPOLITAN Portland MSA

HILLSBORO, OR POPULATION 110,982 (2021 Estimate) WASHINGTON COUNTY POPULATION 610,968 (2021 Estimate) PORTLAND METRO POPULATION 2,530,540 (2021 Estimate)

YOUR BUSINESS HERE

2795 SE TV HWY

Demographic and traffic count data: © CoStar Realty Information, Inc. 2021 18 2795 SE TV HIGHWAY Other population data from: https://worldpopulationreview.com/us-cities/hillsboro-or-population, https://worldpopulationreview.com/us-counties/or/washington-county-population, https://worldpopulationreview.com/us-cities/portland-or-population YOUR BUSINESS HERE

DENSELY-POPULATED NEIGHBORHOOD SURROUNDING THE SUBJECT PROPERTY WITH A HIGH AVERAGE HOUSEHOLD INCOME OF $99,793+ WITHIN A THREE-MILE RADIUS

2795 SE TV HIGHWAY 19 YOUR BUSINESS HERE

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