Vancouver Cyclery. $1,270, % CAP Rate $72,055 NOI SINGLE TENANT NNN LEASED INVESTMENT. Listing Brokers: NE Hwy 99, Vancouver, WA

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1 Vancouver Cyclery SINGLE TENANT NNN LEASED INVESTMENT NE Hwy 99, Vancouver, WA $1,270, % CAP Rate $72,055 NOI Actual location Listing Brokers: Blake Federinko Brandi M. Ho While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.

2 THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant NNN Leased Investment in Vancouver, WA. The property has been leased to Vancouver Cyclery since 2002 and is currently on a new 5 year term. Some of the surrounding businesses include Burgerville, Yard n Garden, Walgreens, AutoZone, Metro PCS, WinCo Foods, Carl s Jr. and much more. Page 2

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4 PROPERTY OVERVIEW Building Size: 5,504 SqFt Lot Size:.29 Acres Zoning: GC - General Commercial Parking: 14 Spaces Year Built: 2002 Construction Type: Steel-Frame Foundation: Concrete Slab Siding: Metal Exterior, River Rock Veneer Roof: Metal HVAC: Two Heat Pump Units Page 4

5 INVESTMENT OVERVIEW Single Tenant NNN Leased Investment Established Long Term Tenant New 5-Year Lease Term One, 3-Year Option 5% Increase Excellent Street Visibility 88,000+ Population with a 3-Mile Radius Income Tax Free State

6 OPERATING STATEMENT Gross Income $72, LESS PSF $ Effective Gross Income LESS OPERATING EXPENSES TAXES INSURANCE CAMS TOTAL EXPENSES $72, TENANT TENANT TENANT $0.00 Net Operating Income $72, CAP Rate 5.67% Sale Price $1,270, Page 6

7 RENT ROLL Term Monthly Rent Annual Rent PSF VANCOUVER CYCLERY 5,504 SQFT 4/1/18-3/31/23 ONE, 3-YEAR OPTION $6, $72, $ % INCREASE

8 LEASE SUMMARY TENANT: Vancouver Cyclery SQFT OCCUPIED: 5,504 TERM: 5-Year Primary Term EXTENDED TERMS: One, 3-Year Option LEASE TYPE: NNN Vancouver Cyclery is committed to keeping a bike working perfectly. From small adjustments, a maintenance visit or a major overhaul, their experience mechanics will keep the customer moving with the highest commitment to quality care. Vancouver Cyclery also offers Services and Repairs, Special Orders and Test Rides. They carry a variety of Bicycle brands such as Trek, Specialized, Haro, Hawly, Burly, Garmin, Fox and much more! Vancouver Cyclery specialized in family cycling excursions for all ages. Tenant Name: Vancouver Cyclery Tenant Type: Retail Website: # of Locations: 1 Year Established: 2002 Page 8

9 SITE PLAN N Vancouver Cyclery Legend Parcel Outline: Subject Property: Signage: Flow of traffic: Ingress/Egress: Highway 99-15,000 VPD

10 PROPERTY PHOTOS Page 10

11 AERIAL Subject Property I-5 88,000 Vehicles Daily Highway 99 18,000 Vehicles Daily Hazel Dell Towne Center Additional Area Retailers BURGERVILLE WALGREENS AUTOZONE WINCO FOODS MCDONALDS COLUMBIA CREDIT UNION CRAFT WAREHOUSE OFFICE DEPOT PETCO KOHLS TARGET PARTY CITY WALMART DOLLAR TREE

12 DEMOGRAPHICS Average Income Estimated 2017 Projected 2022 Census 2010 Census mi. 3mi. 5mi. $83,995 $99,001 $86,447 $96,020 $112,618 $97,602 $54,607 $72,066 $63,989 $47,475 $60,974 $53,444 Population Estimated 2017 Projected 2022 Census 2010 Census mi. 3mi. 5mi. 15,449 88, ,001 16,732 96, ,498 14,084 78, ,172 11,918 66, ,431 Page 12

13 VANCOUVER, WA Vancouver, Washington sits on the north bank of the Columbia River directly across from Portland, Oregon. Incorporated in 1857, it is the fourth-largest city in the state. The Pacific Coast is less than 90 miles to the west. The Cascade Mountain Range rises on the east. Mount St. Helens National Volcanic Monument and Mt. Hood are less than two hours away. The spectacular Columbia River Gorge National Scenic Area lies 30 minutes to the east. Vancouver combines the excitement of a major metropolitan area with small-town charm and abundant recreational opportunities. The 5 largest employers are: PeaceHealth Southwest Medical Center 2841 Employees Evergreen Public Schools 2455 Employees Vancouver Public Schools 2203 Employees County of Clark 1561 Employees Fred Meyer 1500 Employees AGE Median Age 36.4 Years Old Gender Male 48.7% Female 51.3% Page 13

14 300 West 15th Street, Suite 201 Vancouver, WA