FOR SALE TASTE OF EUROPE PROPERTY HIGHLIGHTS. RYAN IMBRIE MANAGING DIRECTOR O: M:

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1 FOR SALE TASTE OF EUROPE th Avenue SE Kent, Washington PROPERTY HIGHLIGHTS Single Tenant NNN 5 years Remaining on Current Lease Excellent Visibility & Signage Desirable Trade Area; Near National & Local Retailers RYAN IMBRIE MANAGING DIRECTOR ryan.imbrie@svn.com O: M: Lincoln Tower SW Greenburg Road, Suite 530 Portland, Oregon 97223

2 PROPERTY DETAILS TASTE OF EUROPE RETAIL KENT, WASHINGTON PROPERTY DETAILS Sale Price: $1,115,000 Cap Rate: 6.76% Price per SF: $279/SF Building Size: 4,000 SF Lot Size: 0.48 Acres Property Type: Retail Zoning: CG Year Built: 1988 Parcel Numbers: SVN Imbrie Realty is proud to present a single tenant NNN asset located in Kent, Washington. The property is conveniently located along Washington State Route 515, in a desirable trade area, near many national and regional retailers. The property provides ample parking and offers easy ingress and egress, as well as excellent visibility and signage The current tenant, has been in the building since 2010 and is well established within the community. Currently there are 5 years remaining on the lease. LEASE DETAILS Tenant: Taste of Europe Start Date: March 15, 2010 End Date: June 30, 2023 Current Monthly Rent: $6,610 plus NNN Current Annual Rent: $79,320 Annual Rent Increase: July 1st of Each Year of 2% Vacancy Allowance: 5% NOI: $75,354 Landlord Responsibilities: Roof, Landscaping, Parking Lot and Hvac

3 ADDITIONAL PHOTOS TASTE OF EUROPE RETAIL KENT, WASHINGTON

4 AERIAL MAP TASTE OF EUROPE RETAIL KENT, WASHINGTON SE 240th St 104th Ave SE 100th Ave SE 98th Ave S SUBJECT PROPERTY SE 244th St 100th Ave SE SE 248th St

5 PROPERTY MAP TASTE OF EUROPE RETAIL KENT, WASHINGTON DOWNTOWN CORRIDOR SUBJECT PROPERTY

6 DEMOGRAPHICS TASTE OF EUROPE RETAIL KENT, WASHINGTON DEMOGRAPHICS DATA 1 mile 2 miles 3 miles Total Households 8,781 23,211 39,565 Total Population 23,449 63, ,937 Persons per Household Average Household Income $52,504 64,209 69,261 Average House Value $277,277 $324,387 $336,664 Average Age Average Age (Male) Average Age (Female)

7 ABOUT THE CITY OF KENT TASTE OF EUROPE RETAIL KENT, WASHINGTON $405,676 Median Home Value 38.0% Population Increase ( ) 127, Population $57,490 Median Household Income Kent is a city located in King County, Washington, United States. It is the sixth largest city in the state and third largest in the county. Kent is in the heart of the Seattle Tacoma metropolitan area, located 19 miles south of Seattle and 19 miles northeast of Tacoma. In addition to REI, Oberto Sausage Company, and Seattle Bicycle Supply (owner of Redline Bicycles) all being headquartered in Kent, both Amazon and Boeing operate facilities in the city. Kent also hosts many warehouses in its once fertile farmland, due in part to its proximity to key transportation routes. It is also home to the two largest waterjet companies in the United States: Flow International Corporation and Omax Corporation, as well as aerospace manufacturer Blue Origin. The warehouse district has grown rapidly in recent years. Whirlpool Corporation and General Electric Appliances are two companies with regional distribution centers in Kent. Kent is home to the fourth largest manufacturing and distribution area in the United States. Employer # of Employees 1 Boeing 5,300 2 Boeing Australia 4,487 3 Kent School District 3,700 4 City of Kent Mikron Industries REI Sysco Distribution King County Alaska Airlines Sysco 600

8 RYAN IMBRIE MANAGING DIRECTOR O: M: Lincoln Tower SW Greenburg Road, Suite 530 Portland, OR ph: