PREPARED BY:

Coldwell Banker Commercial Valley Brokers David Suprono, CCIM Toll Free Fax: 877-335-6199 Direct: 503-208-5173 Email: davidsuprono@ccim.net Mobile: 541-760-5096 Website: www.cbcworldwide.com

Nor

th A

lban

y Vi

llage

VALLEY BROKERS

For Lease - Pad For Sale 601-641 Hickory Street NW, Albany, OR 97321

Coldwell Banker Commercial Valley Brokers 1109 N.W. 9th Street, Corvallis, OR 97330

541-257-3416

COLDWELL BANKER COMMERCIAL VALLEY BROKERS

THE PROPERTY

North Albany Village Shopping Center

601-641 Hickory Street NW

Albany, OR 97321 PROPERTY SPECIFICATIONS

Property Type:

Anchor:

Total Available Space:

Minimum:

Maximum Contiguous:

Neighborhood Shopping Center.

North Albany IGA Grocery Store & Ace Hardware.

11,380 SF.

1,200 SF.

4,580 SF.

LEASE RATE

End Cap Spaces:

In Line Spaces:

Condition At Delivery:

$21.00 PSF/Year + 2% annual escalation, NNN.

$19.00 PSF/Year + 2% annual escalation, NNN.

Vanilla Shell-first generation in line spaces only.

Negotiable-second generation spaces or older. TERM

5 years preferred, call broker for shorter terms.

HIGHLIGHTS

• Upscale North Albany market. • Serves both the North Albany, Albany and Corvallis markets, with a combined.

population of over 100,000. • Pylon sign on US HWY 20 with an electronic display board. • Excellent mix of businesses, including Fresenius Medical Care, Starbucks, ReStyle,

Frankie’s Restaurant, Momiji Japanese Restaurant, and others.

EXECUTIVE SUMMARY

No

rth

Alb

any

Vill

age

COLDWELL BANKER COMMERCIAL VALLEY BROKERS

PROPERTY PICTURES

PROPERTY PICTURES

COLDWELL BANKER COMMERCIAL VALLEY BROKERS

CHRISTMAS AT NORTH ALBANY VILLAGE

PROPERTY PICTURES

Executive Summary621 Hickory St NW, Albany, Oregon, 97321 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 44.64423

Longitude: -123.11260

1 mile 3 miles 5 milesPopulation

2000 Population 4,005 34,443 47,2932010 Population 4,475 40,591 57,0252018 Population 4,750 44,248 62,2212023 Population 4,960 46,842 65,8412000-2010 Annual Rate 1.12% 1.66% 1.89%2010-2018 Annual Rate 0.73% 1.05% 1.06%2018-2023 Annual Rate 0.87% 1.15% 1.14%2018 Male Population 49.1% 49.0% 49.0%2018 Female Population 50.9% 51.0% 51.0%2018 Median Age 42.3 37.2 38.4

In the identified area, the current year population is 62,221. In 2010, the Census count in the area was 57,025. The rate of change since 2010 was 1.06% annually. The five-year projection for the population in the area is 65,841 representing a change of 1.14% annually from 2018 to 2023. Currently, the population is 49.0% male and 51.0% female.

Median Age

The median age in this area is 42.3, compared to U.S. median age of 38.3.Race and Ethnicity

2018 White Alone 90.4% 85.4% 86.3%2018 Black Alone 0.9% 1.0% 0.9%2018 American Indian/Alaska Native Alone 1.4% 1.2% 1.2%2018 Asian Alone 1.8% 1.7% 1.7%2018 Pacific Islander Alone 0.2% 0.2% 0.2%2018 Other Race 1.4% 6.4% 5.7%2018 Two or More Races 3.9% 4.2% 4.0%2018 Hispanic Origin (Any Race) 6.3% 13.7% 12.4%

Persons of Hispanic origin represent 12.4% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 41.6 in the identified area, compared to 64.3 for the U.S. as a whole.

Households2000 Households 1,601 13,527 18,4662010 Households 1,809 15,975 22,2742018 Total Households 1,895 17,163 23,9532023 Total Households 1,973 18,116 25,2762000-2010 Annual Rate 1.23% 1.68% 1.89%2010-2018 Annual Rate 0.56% 0.87% 0.88%2018-2023 Annual Rate 0.81% 1.09% 1.08%2018 Average Household Size 2.44 2.54 2.56

The household count in this area has changed from 22,274 in 2010 to 23,953 in the current year, a change of 0.88% annually. The five-year projection of households is 25,276, a change of 1.08% annually from the current year total. Average household size is currently 2.56, compared to 2.52 in the year 2010. The number of families in the current year is 15,900 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

January 21, 2019

©2019 Esri Page 1 of 2

Executive Summary621 Hickory St NW, Albany, Oregon, 97321 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 44.64423

Longitude: -123.11260

1 mile 3 miles 5 milesMedian Household Income

2018 Median Household Income $68,945 $55,424 $57,9102023 Median Household Income $75,499 $59,932 $63,0842018-2023 Annual Rate 1.83% 1.58% 1.73%

Average Household Income

2018 Average Household Income $85,507 $70,106 $71,7342023 Average Household Income $94,930 $78,783 $80,7192018-2023 Annual Rate 2.11% 2.36% 2.39%

Per Capita Income2018 Per Capita Income $33,863 $27,370 $28,0022023 Per Capita Income $37,377 $30,593 $31,3562018-2023 Annual Rate 1.99% 2.25% 2.29%

Households by IncomeCurrent median household income is $57,910 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $63,084 in five years, compared to $65,727 for all U.S. households

Current average household income is $71,734 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $80,719 in five years, compared to $96,109 for all U.S. households

Current per capita income is $28,002 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $31,356 in five years, compared to $36,530 for all U.S. households Housing

2000 Total Housing Units 1,721 14,599 19,8522000 Owner Occupied Housing Units 1,044 7,767 11,5602000 Renter Occupied Housing Units 557 5,760 6,9062000 Vacant Housing Units 120 1,072 1,386

2010 Total Housing Units 1,962 17,035 23,6782010 Owner Occupied Housing Units 1,149 9,165 13,7852010 Renter Occupied Housing Units 660 6,810 8,4892010 Vacant Housing Units 153 1,060 1,404

2018 Total Housing Units 2,053 18,136 25,1302018 Owner Occupied Housing Units 1,198 9,642 14,4932018 Renter Occupied Housing Units 698 7,521 9,4602018 Vacant Housing Units 158 973 1,177

2023 Total Housing Units 2,135 19,052 26,4032023 Owner Occupied Housing Units 1,284 10,450 15,6712023 Renter Occupied Housing Units 689 7,667 9,6052023 Vacant Housing Units 162 936 1,127

Currently, 57.7% of the 25,130 housing units in the area are owner occupied; 37.6%, renter occupied; and 4.7% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 23,678 housing units in the area - 58.2% owner occupied, 35.9% renter occupied, and 5.9% vacant. The annual rate of change in housing units since 2010 is 2.68%. Median home value in the area is $221,998, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 4.05% annually to $270,705.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

January 21, 2019

©2019 Esri Page 2 of 2

COLDWELL BANKER COMMERCIAL VALLEY BROKERS

FOR MORE INFORMATION, PLEASE CONTACT: DAVID SUPRONO, CCIM COLDWELL BANKER COMMERCIAL VALLEY BROKERS

1109 N.W. 9th Street Corvallis, OR 97330 Direct: (503) 208-5173 (Portland, OR) Fax: (877) 335-6199 (Toll Free) Mobile: (541) 760-5096 (Corvallis, OR) Email: davidsuprono@ccim.net

Nor

th A

lban

y Vi

llage

CONTACT INFORMATION

COLDWELL BANKER COMMERCIAL VALLEY BROKERS

CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

CONFIDENTIALITY STATEMENT

Nor

th A

lban

y Vi

llage