PASCO, WASHINGTON

ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 1 CONFIDENTIALITY AGREEMENT

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 & 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 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 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 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 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 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 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 & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information 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 Investment Services, Inc. © 2018 Marcus & Millichap.

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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 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 CONTACT THE LISTING AGENTS FOR MORE DETAILS.

2 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP EXCLUSIVELY LISTED BY

TIMOTHY UFKES Senior Vice President Investments SEATTLE Tel: (206) 399-9337 Fax: (206) 826-5710 [email protected] License: WA 13508

BRIAN MAYER Senior Associate - National Retail Group SEATTLE Tel: (206) 826-5716 Fax: (206) 826-5710 [email protected] License: WA 109692

ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 3 CHAPEL HILL BOULEVARD - 5,000 VPD BROADMOOR BOULEVARD - 18,477 VPD I-182 - 63,025 VPD

4 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP INVESTMENT OVERVIEW

The offering is a 13.5-acre development site within the Broadmoor Area Master growing workforce in the state. Driven largely by R&D technology, manufactur- Plan. The site is situated on the corner of Broadmoor Blvd and the I-182 off-ramp, ing, health care and food processing, the area has seen significant job growth providing easy access and tremendous freeway visibility. I-182 boasts traffic in recent years. In 2016, the Tri-Cities ranked as the #1 job growth market in the counts in excess of 135,00 VPD while the intersection of I-182 and Broadmoor state of Washington with an annual job growth rate of 3.68%. In 2017, the annual carry 29,000 VPD. The property is zoned C-1 Retail Business District, which al- job growth rate was 3.2%. In 2010, a study by Garner Economics ranked the lows for various commercial uses, such as retail, restaurants, big-box retail, fu- Tri-Cities #1 among the nation’s 372 metropolitan areas for employment growth, el-stations, theaters, various office uses, hotels and more. with a 5.4% growth over its earlier peak.

The Tri-Cities MSA is comprised of Pasco, Richland, and Kennewick. Each city The Hanford clean-up project is a major contributor to the presence of a high- borders at least one other city or one of the area’s rivers, making the Tri-Cities ly-skilled and educated workforce. Backed by the federal government, the proj- seem like one uninterrupted mid-sized city. The three cities function as the center ect’s annual budget exceeds $2.4 billion and is expected to continue through of the MSA, which had a population of 284,000 as of 2017. Since 2010 the region the year 2065. Thus, companies such as Bechtel National, CH2M and Pacific has experienced tremendous population growth, with a 48% growth rate for the Northwest National Laboratory make-up some of the Tri-Cities major employers. Tri-Cities MSA and a 123% growth rate for the city of Pasco. Pacific Northwest National Laboratory is one of the United States Department of Energy’s national laboratories, which performs over $1 billion in research annual- Furthermore, the city of Pasco benefits from a high average household income ly. Supplementing the region’s skilled workforce, the Tri-Cities is home to Colum- at nearly $90,000 within a 5-mile radius. The Tri-Cities also boasts a robust and bia Basin College and Washington State University Tri-Cities with enrollment of rapidly growing economy with the most highly educated population, and fastest 11,320 and 1,868 students, respectively.

ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 5 I-182 - 63,025 VPD

CHAPEL HILL BOULEVARD - 5,000 VPD

BROADMOOR BOULEVARD - 18,477 VPD

6 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP INVESTMENT HIGHLIGHTS

CORNER PARCEL AT SIGNALIZED INTERSECTION Situated at the Intersection of Broadmoor Blvd and the I-182 Off-Ramp, which carries a combined traffic count of 29,000 VPD.

FREEWAY ACCESS AND EXPOSURE Features easy access and visibility to I-182, which boasts traffic counts in excess of 135,000 VPD.

TREMENDOUS STREET FRONTAGE Site benefits from nearly 1,700 feet of street frontage along three roads – I-182, Broad- moor Blvd., and Chapel Hill Blvd.

C-1 ZONING Flexible commercial zoning allowing for retail, restaurants, membership clubs, the- aters, fuel stations, office, hotels and more.

SIGNIFICANT POPULATION GROWTH Since 2010, Pasco’s population grew by 124%, and is anticipated to growth by 70% by the year 2040.

AFFLUENT TRADE AREA Within a 5-mile radius, the average household income is nearly $90,000 and more than $72,000 for the MSA.

Price: $5,000,000 Parcel Size (SF): 588,060 Parcel Size (Acres): 13.5 Price/SF: $8.50 Zoning: C-1 Retail Business District Shape: Irregular Grade: Flat APN 115210024 ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 7 LOCATION OVERVIEW

Located in the south-central portion of Washington State, the Tri-Cities of Kennewick, Pasco and Richland are within 225 miles of Seattle and Portland via the Interstate 82. The metro is composed of Benton and Franklin counties. The Department of Energy is a driver of the economy, providing high-skill jobs that have contributed to boosting population growth and incomes well above the U.S. level. The Columbia, Yakima and Snake rivers provide an array of recreational activites, while the area’s favorable weather and cultural amenities add to the quality of life.

DEPARTMENT OF ENERGY The DOE’s vast Hanford Site, Pacific Northwest National Laboratory, and other affiliated programs attract highly skilled engineers, scientists and researchers.

LARGE AGRICULTURAL SECTOR Crops including wheat, potatoes, apples, cherries and grapes thrive in the conducive weather. Major employ- ers include Lamb Weston, Tyson Foods and Broetje Orchards.

INSTITUTIONS OF HIGHER LEARNING Washington State University Tri-Cities, Columbia Basin College, Tri-Tech Skills Center and Charter College help provide an educated workforce.

Hanford clean-up - $2.4 billion budget (current fiscal year) approved by federal government will fuel the Tri-Cities economy for years to come.

The DOE, along with partners and contractors including Battelle, Bechtel National, Washington River Pro- tection Solutions, Mission Support Alliance and CH2M, provide more than 13,000 area jobs.

Kadlec Regional Medical Center, Trios Health, Lourdes Medical Center and Prosser Memorial contribute to the vital healthcare sector, employing thousands of workers.

Plenty of sun and three rivers lure outdoor enthusiastts to a wide variety of water sports as well as golfing, hunting, and fishing. Miles of trails attract joggers and bicyclists, while the region’s vineyards and micro- breweries draw tourists. 8 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP Walgreens

McDonalds

ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 9 PASCO OVERVIEW

One of three cities that make up the Tri-Cities region of Washington

Population of more than 70,000 residents

Substantial growth and development over the past 15 years

Hosts several regional events including the Fiery Foods Festival and Sacajawea Blue Grass Festival

Endless recreational activities, strong schools, and natural beauty

10 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP TRI-CITIES OVERVIEW

PASCO, WASHINGTON The Broadmoor Development site is located in Pasco, one of the three cities that make up the Tri-Cities region in the state of Washington. Pasco is a thriving com- munity of more than 70,000 residents that has seen substantial growth and development over the last two decades. Due to the surrounding agricultural region, several major food processing companies have a presence in Pasco, including ConAgra Foods, Reser’s Fine Foods, and Twin Cities Foods. Recently the city has become a player in the booming Washington wine industry with companies like Gordon Brothers Cellars, Fidelitas Winery, Kamiak Vineyards and Preston Premium Wines. The local economy benefits from the nearby Tri-Cities Airport, Interstate 182, U.S. Highway 395, State Route 12, and the Port of Pasco, providing access to shipping along the Columbia River.

Pasco hosts several major events for the Tri-Cities area, using its historic downtown as a regional gathering place. Downtown Pasco is home to the area’s largest farmers market and hosts the Fiery Foods Festival, the Cinco de Mayo Celebration, the Sacajawea Blue Grass Festival, and Heritage Days. The city has a seemingly limitless variety of recreational activities and is an outdoor enthusiast’s dream. Pasco has 24 public tennis courts, 20 soccer fields, seven baseball fields, eight soft- ball fields, a professional indoor rodeo arena, 15+ miles of hiking/biking paths, and a multipurpose outdoor stadium with a 10-lane all-weather running track capable of hosting state-level football and track events. The city is also recognized for strong schools served by the Pasco School District, including Pasco High School and Chiawana High School. Pasco offers residents a great mix of culture, education, employment and recreation that promotes a positive lifestyle and encourages future growth.

RICHLAND, WASHINGTON KENNEWICK, WASHINGTON

Richland lies at the confluence of the Yakima and the Columbia rivers and has Kennewick is the most populous of the three cities collectively referred to as a population of about 50,000. Richland is a full-service city providing police the Tri-Cities, with a population of about 76,000. It lies along the southwest services, fire protection, water utility services, solid waste services, electric bank of the Columbia River, just southeast of the confluence of the Columbia utilities, parks and recreational facilities and services, maintenance of city and Yakima rivers. Since 2013, Kennewick’s historical downtown area has been streets and public facilities, and full library services featuring a state-of-the-art undergoing a rebirth, with older buildings being adapted to new uses and the library operated by the city. The city’s largest employers are Pacific Northwest transformation of a compact, pedestrian-oriented area that has attracted a National Laboratory, Kadlec Regional Medical Center, and Bechtel. Richland diverse mix of businesses. These include a specialty gift boutique in a newly also hosts an important food processor, ConAgra/Lamb-Weston. Washington restored building, art galleries, wine bars and local breweries, upscale dining, State University–Tri-Cities was founded in northern Richland in 1989. and a full-service hardware center.

ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 11 POPULATION GROWTH // TRI-CITIES

The Tri-Cities Metropolitan Statistical Area (MSA) had an estimated population of about 284,000 in 2017, and has experienced rapid population growth since 2000. The population within the MSA grew by 48 percent between 2000 and 2017, with Pasco experiencing the most significant growth at about 124 percent. Kennewick and Richland grew by about 47 percent and 40 percent, respectively, over the same period. According to the Washington State Office of Financial Management, the population of the MSA is projected to approach 330,000 by 2025.

The Tri-Cities’ growth is largely attributed to the region’s ever-expanding economy, which includes the environmental cleanup of the U.S. Department of Energy’s Pacific Northwest National Laboratory; a scientific research community; enterprises related to farming and food processing; and a growing wine-making industry. In particular, Pasco has regularly ranked as one of Washington’s fastest growing cities in recent years. In addition to the city’s proximity to major economic drivers in the region, the city has also added population via the annexation of previously unincorporated areas.

YEAR % CHANGE CITY 2000 2010 2017 2000-2017 Kennewick 54,751 73,917 80,280 46.6% Pasco 32,066 59,781 71,680 123.5% Richland 38,708 48,058 54,140 39.9% All Other Jurisdictions 66,297 71,584 77,720 17.2% Total Tri-Cities MSA 191,822 253,340 283,830 48.0%

Source: Washington State Office of Financial Management, Forecasting and Research Division

12 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP EMPLOYMENT STATISTICS // TRI-CITIES

NON-FARM EMPLOYMENT Financial Activities 3,800 3.3%

Manufacturing 7,800 6.8% Construction 8,700 7.6% 2017 TOP EMPLOYERS Leisure and Hospitality 11,400 10.0% TRI-CITIES Education and Health Services 15,600 13.6%

Trade, Transportation, Utilities 20,300 17.7% EMPLOYER EMPLOYEES

Government 20,500 17.9% Batelle/Pacific Northwest National Laboratory 4,500

Professional and Business Services 21,600 18.9% Kadlec Regional Medical Center 3,532 Lamb Weston 3,000 TOTAL NONFARM 114,400 95.9% Bechtel National 2,943

Kennewick School District 2,336

Washington River Protection Solutions 2,129

Pasco School District 2,015

Mission Support Alliance 1,902

CH2M 1,682

Richland School District 1,500

Tyson Foods 1,300

Trios Health 1,268

Energy Northwest 1,100

Broetje Orchards 920

Lourdes Health Network 804

Source: Tri-City Development Council

ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 13 14 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP POPULATION 1 MILE 3 MILES 5 MILES HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES 2022 Population 2017 Estimate Total Population 3,444 42,709 116,374 $200,000 or More 8.20% 3.93% 5.38% 2017 Estimate $150,000 - $199,999 5.23% 4.30% 5.95% Total Population 2,542 37,143 103,400 $100,000 - $149,999 19.12% 14.55% 17.14% 2010 Census $75,000 - $99,999 19.83% 16.25% 15.72% Total Population 2,470 34,499 93,256 $50,000 - $74,999 22.37% 21.29% 19.92% 2000 Census $35,000 - $49,999 12.91% 13.63% 12.88% Total Population 329 20,437 60,856 $25,000 - $34,999 6.22% 9.91% 8.18% Daytime Population $15,000 - $24,999 3.49% 8.61% 7.69% 2017 Estimate 944 45,672 114,753 Under $15,000 2.63% 7.53% 7.15% HOUSEHOLDS 1 MILE 3 MILES 5 MILES Average Household Income $106,500 $79,936 $89,581 2022 Projection Median Household Income $77,623 $61,683 $67,393 Total Households 1,420 16,513 45,242 Per Capita Income $42,608 $30,681 $34,503 2017 Estimate POPULATION PROFILE 1 MILE 3 MILES 5 MILES Total Households 1,017 14,201 39,629 Population by Age Average (Mean) Household Size 2.85 2.61 2.57 2017 Estimate Total Population 2,542 37,143 103,400 2010 Census Under 20 34.40% 30.96% 28.65% Total Households 977 3,104 35,626 20 to 34 Years 24.72% 23.95% 21.72% 2000 Census 35 to 39 Years 7.93% 7.40% 6.74% Total Households 133 8,235 23,801 40 to 49 Years 10.16% 10.70% 11.31% Growth 2015-2020 39.63% 16.28% 14.16% 50 to 64 Years 14.22% 15.39% 18.06% HOUSING UNITS 1 MILE 3 MILES 5 MILES Age 65+ 8.58% 11.62% 13.53% Occupied Units Median Age 30.41 32.24 34.75 2022 Projection 1,420 16,513 45,242 Population 25+ by Education Level 2017 Estimate 1,021 14,445 40,650 2017 Estimate Population Age 25+ 1,500 23,142 67,160 Owner Occupied 702 8,467 26,128 Elementary (0-8) 2.40% 1.84% 1.91% Renter Occupied 315 5,734 13,501 Some High School (9-11) 3.58% 4.78% 4.56% Vacant 4 244 1,022 High School Graduate (12) 25.42% 24.52% 22.76% Persons in Unit Some College (13-15) 24.51% 26.52% 25.66% 2017 Estimate Total Occupied Units 1,017 14,201 39,629 Associate Degree Only 9.91% 10.56% 10.61% 1 Person Units 22.03% 27.16% 26.26% Bachelors Degree Only 20.73% 18.92% 20.86% 2 Person Units 31.07% 31.63% 34.20% Graduate Degree 10.18% 10.87% 11.93% 3 Person Units 15.93% 15.55% 15.23% Population by Gender 4 Person Units 15.73% 13.29% 13.01% 2017 Estimate Total Population 2,542 37,143 103,400 5 Person Units 8.26% 7.20% 6.60% Male Population 49.17% 49.27% 49.98% 6+ Person Units 7.08% 5.15% 4.70% Female Population 50.83% 50.73% 50.02% ROAD 100 DEVELOPMENT SITE - MARCUS & MILLICHAP 15 TIMOTHY UFKES BRIAN MAYER Senior Vice President Investments Senior Associate - National Retail Group SEATTLE SEATTLE Tel: (206) 399-9337 Tel: (206) 826-5716 Fax: (206) 826-5710 Fax: (206) 826-5710 [email protected] [email protected] License: WA 13508 License: WA 109692

16 ROAD 100 DEVELOPMENT SITE | MARCUS & MILLICHAP