North Coast Retail Center Newly constructed Shopping Center in daily retail destination

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1 [ Conceptual Sprint Signage ] North Coast Retail Center Newly constructed Shopping Center in daily retail destination 1479 SE Discovery Lane, Warrenton, OR 97146

2 Featured Photos [ Conceptual Sprint Signage ] [ Conceptual Sprint Signage ]

3 North Coast Retail Center PRICE: $6,920,000 CAP: 6.00% NORTH COAST RETAIL CENTER IS A 32,069 SF RETAIL CENTER ANCHORED BY T.J. MAXX LOCATED WITHIN A REGIONAL RETAIL HUB IN WARRENTON, OREGON. North Coast Retail Center was completed in 2015 and is anchored by two credit-rated tenants, T.J. Maxx (A+) and Maurices (BB-). North Coast Retail benefits from its location within a sales tax-free state and regional draw reaching over 30 miles into Washington state. The regional retail hub in Warrenton includes an adjacent Costco, Home Depot, and a Walmart Supercenter in development that creates a strong daily needs draw to the trade area. Warrenton s retail hub has shifted to the corridor where the Property is located and exhibits minimal box vacancies and limited developable commercial land, creating added stability to the Property. OCCUPANCY...95%* LEASABLE SF...±32,069 SF PRICE PER SF...$216 LAND AREA...±104,108 SF; 2.39 Acres YEAR BUILT AVG CURRENT RENTS...$13.47/SF PARKING...±130 Spaces or 4.1/1,000 SF MAJOR TENANTS...T.J. Maxx, Maurices *Occupancy reflects an all-inclusive rent guarantee of Suite 130. ADDRESS: 1479 SE Discovery Lane, Warrenton, OR NORTH COAST RETAIL CENTER 3

4 Aerial Warrenton Retail Aaron s AutoZone Big 5 Sporting Goods Costco Dollar Tree Fred Meyer Goodwill Home Depot Les Schwab O Reilly Auto Parts Payless ShoeSource Petco Pizza Hut Rite Aid Ross Sleep Train Staples Walgreens 104 E Harbor St Oregon Coast HWY 21,000 DAILY 101 Fort Stevens hwy spur Astoria Regional Airport North Coast Retail Center For More Info SE Ensign Lane Under Construction

5 National Retailers Chehalis The two closest national retail hubs are located 57 and 79 miles from Warrenton. The closest Costco is located in Hillsboro, OR and the closest Walmart, Fred Meyer, Home Depot, and Petco are located in Longview, WA. Warrenton serves as the major national retail hub for the surrounding coastal area. Warrenton 99 Miles 1 Hr, 48 Min 57 Miles 1 Hr, 22 Min LONGVIEW 79 Miles 1 Hr, 31 Min HILLSBORO [ REPRESENTATIVE PHOTO ] NORTH COAST RETAIL CENTER 5

6 168-0 Site Plan SITE PLAN KEY PARCEL: LAND AREA: ±104,108 SF BUILDING AREA: ±32,069 SF LEASED: AVAILABLE: RENT GUARANTEE: INGRESS/EGRESS: SE Discovery Lane A A Pylon Sign Site plan not to scale NORTH COAST RETAIL CENTER 6

7 Drive Time Demographics 15 MINS 30 MINS POPULATION 15 Mins 30 Mins 45 Mins ,395 30,839 39, ,272 32,096 41, ,046 33,222 42, MINS 2016 HOUSEHOLD INCOMES 15 Mins 30 Mins 45 Mins Average $57,603 $57,309 $57,553 Median $43,589 $42,759 $43,205 North Coast Retail Center WARRENTON AREA OVERVIEW Astoria is a city of almost 10,000 people on the Columbia River, just a few miles from the Pacific Ocean, located in Clatsop County. It is surrounded by the beauty of the forest, mountains, three rivers and the sea. Just across Youngs Bay is Warrenton, a city of more than 5,000 that encompasses Fort Stevens State Park and its broad, clean ocean beaches. Warrenton provides a full range of municipal services, including two marinas that serve both a charter and large commercial fleet. Astoria and Warrenton have a marine climate, which means the summers are cool, with highs around 70, and the winters are mild, with few nights of freezing temperatures. The moderate temperatures and the inherent landscape combined with the clean ocean air make Clatsop County and the Warrenton area a destination for numerous outdoor activities. The most popular activities in the area include hiking, biking and numerous water-related activities such as kayaking, scuba diving, and fishing. The Northwest Oregon economy is largely driven by Government employment, as well as tourism to the area. Employment rates are high, with Clatsop County exhibiting a 5.8% unemployment rate, as compared to the State of Oregon s 5.9% unemployment rate. NORTH COAST RETAIL CENTER 7

8 Contact Information FOR MORE INFORMATION ON NORTH COAST RETAIL CENTER PLEASE CONTACT: KEVIN ADATTO (503) SCOTT FRANK (503) MICHAEL HORWITZ (503) SEAN MACK (503) WE SELL COMMERCIAL REAL ESTATE BUT WE VALUE PEOPLE Capital Pacific is a Commercial Real Estate Brokerage Firm specializing in Retail Investment Sales in the Pacific Northwest as well as Nationally. PETER DUNN pdunn@capitalpacific.com (503) DAVID GELLNER dgellner@capitalpacific.com (206) LISTED IN CONJUNCTION WITH SEAN TUFTS stufts@capitalpacific.com (206) NATE FLIFLET nfliflet@capitalpacific.com (206) Our goal is to deliver results for our clients while providing a level of service that will earn repeat business. We have a very human approach that we call the Capital Pacific Experience - CPx. Our team works together on every single assignment, which ultimately benefits our clients. Today Capital Pacific has offices in Seattle, Portland & San Francisco. TERRY MOSS COMMERCIAL REALTY GROUP, INC. terry@commercialrealtygroup.com (425) [ ]

9 [ Copyright 2017 Capital Pacific LLC ] The information contained in this document has been obtained from sources Capital Pacific believes to be reliable. Capital Pacific makes no representation or warranty in respect to its accuracy. It is your responsibility to confirm its accuracy and completeness.