Rosauers Fuel & Brewed Awakenings

Representative Photo

NNN LEASED INVESTMENT

BLAKE D. FEDERINKO 

360.823.5111

 Blake@MAJCRE.com

ROSAUER’S FUEL STATION & BREWED AWAKENINGS DRIVE THRU

Ridgefield, WA

MICHAEL A. JENKINS 

360.823.5102

 Mike@MAJCRE.com

2

6727 NE Vancouver Mall Drive – Vancouver, WA

CONFIDENTIALITY DISCLAIMER 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 MAJ Commercial Real Estate 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.

TABLE OF CONTENTS Property Summary

5

Lease Summary - Rosauer’s

6

Rent Roll - Rosauer’s

7

Lease Summary - Brewed Awakenings

8

Rent Roll - Brewed Awakenings

9

Surrounding Retailers

11

Demographics

13

Aerial

14

Site Plan

15

Ridgefield, WA

16

4

Rosauer’s & Brewed Awakenings | Ridgefield, WA

MAJ COMMERCIAL REAL ESTATE MAJ Commercial Real Estate is pleased to present the opportunity to acquire two NNN leased Investments located in Ridgefield, WA. The properties are leased to Rosauer’s and Brewed Awakenings. Rosauer’s has +/- 18-Years remaining on the original 20-year term with 1.20% annual rent increases. Brewed Awakenings has +/-3.5 years remaining on the original 5-year term with 3% annual rent increases. The Rosauer’s Fuel Station and Brewed Awakenings are part of Discovery Ridge, a mixed-use development that includes businesses such as, Rosauer’s Grocery, Oasis Dental, MOD Pizza, Taco Bell, Rebound, Edward Jones, Columbia Credit Union and much more.

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Property Summary 309 S 47th Ave, Ridgefield, WA 98642

ADDRESS

Rosauer’s Fuel Station & Brewed Awakenings Drive Thru

TENANT

LEASE TYPE

Rosauer’s Absolute NNN Brewed Awakenings NNN

YEAR BUILT

Rosauer’s 2018 Brewed Awakenings 2019

COMBINED LAND SIZE

±1.21 Acres

PARENT COMPANY

Private

Investment Highlights

 Income Tax Free State

NNN Leased Investment

Initial Term Rent Increases

5

6

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Lease Summary PROPERTY ADDRESS: 309 S 47th Ave, Ridgefield, WA 98642 GUARANTOR: Rosauer’s Supermarkets, Inc., a Washington Corp.

LEASE GUARANTOR: Rosauer’s

OWNERSHIP TYPE: Ground Lease LAND SIZE: ± 0.73 Acres TERM: ± 18-Years Remaining EXTENDED TERMS: 4, 5-Year Options LEASE TYPE: Absolute NNN

PARENT COMPANY: URM Stores NUMBER OF LOCATIONS: 22 HEADQUARTERS: Spokane, Washington, U.S. WEBSITE: www.rosauers.com

Rosauers began as a Spokane-based business since the 1940’s when Merton Rosauer purchased his first little grocery store. Over the years, Rosauers has grown to include Rosauers Food & Drug stores, Super 1 Foods and Huckleberry’s Natural Markets. Proudly serving the

LANDLORD RESPONSIBLE: None

Inland Pacific Northwest, with over 20 stores located throughout Washington, Oregon, Idaho and Montana.

Washington locations include Ellensburg, Yakima,

LEASE TERMINATION DATE: 7/31/2040

Colville, Spokane, Colfax and Walla Walla communities.

Idaho locations can be found in Moscow & Lewiston. In Montana, stores are in Libby, Kalispell, Missoula and Bozeman. As well as Hood River in Oregon.

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Rent Roll - Rosauer’s AMOUNT

START DATE

END DATE

Current Rent

$1,371.95

8/1/2021

7/30/2022

Step Up

$1,389.10

8/1/2022

7/30/2023

Step Up

$1,406.46

8/1/2023

7/30/2024

Step Up

$1,424.04

8/1/2024

7/30/2025

Step Up

$1,441.85

8/1/2025

7/30/2026

*Annual Rent Increases of +/- 1.25%

20 YEAR

Initial Term

 4, 5-YEAR OPTIONS

 ABSOLUTE NNN Lease Type

7

8

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Lease Summary PROPERTY ADDRESS: 301 S 47th Ave, Ridgefield, WA 98642 GUARANTOR: Private OWNERSHIP TYPE: Fee Simple SQUARE FOOTAGE: ± 500 SF

LEASE GUARANTOR: Brewed Awakenings PARENT COMPANY: Family Owned NUMBER OF LOCATIONS: 6 HEADQUARTERS: 1359 N Division St., Morris

TERM: ± 3.5 Years Remaining EXTENDED TERMS: 3, 5-Year Options

WEBSITE: www.brewedawakening.us

Brewed Awakenings Coffee Roasters is a family owned

LEASE TYPE: NNN

business offering customers a local source for hand-

LANDLORD RESPONSIBLE: Roof and Structure

to Sunriver and Bend, Oregon.

roasted coffee and fresh baked goods. With seven locations spanning from the Vancouver/ Portland area

Brewed Awakenings’ locations across Vancouver, LEASE EXPIRATION: 9/30/2025

Washington, Portland, Sunriver and Bend Oregon have been turning customers into regulars with professional baristas brewing up their in-house craft-roasted beans for decades. Since 1989 patrons have been quietly discovering the finer side of coffee at the blossoming region-wide locations, which all feature fantastic coffee brewed from beans clearly roasted by the hand of an artisan.

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Rent Roll - Brewed Awakenings AMOUNT

START DATE

END DATE

Current Rent

$2,884.00

10/1/2021

9/31/2022

Year 3 - Step Up

$2,971.00

10/1/2022

9/31/2023

Year 4 - Step Up

$3,060.00

10/1/2023

9/31/2024

Year 5 - Step Up

$3,151.00

10/1/2024

9/31/2025

± 3.5 Years

Remaining Initial Term

 3, 5-YEAR OPTIONS

 NNN

Lease Type

9

10

Rosauer’s & Brewed Awakenings | Ridgefield, WA

$51,071.40 COMBINED NOI

$1,276,000 SALE PRICE

4.00% CAP



CLICK HERE TO ENTER STREET VIEW

TAXES

TENANT RESPONSIBLE

INSURANCE

TENANT RESPONSIBLE

CAMs

TENANT RESPONSIBLE

UTILITIES

TENANT RESPONSIBLE

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Surrounding Retailers

11

12

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Pioneer St

(126 ,000

SUBJECT PROPERTY

NE 10th Ave (15,070 VPD)

) VPD

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Demographics 



POPULATION

AVG HOUSEHOLD SIZE

4,296

15,236

1 mile

3 mile

26,127

2.80

5 mile

2.95

1 mile

3 mile

2.86 5 mile





MEDIAN AGE

AVG HOUSEHOLD INCOME

38.4 1 mile

39.0 3 mile

41.4

$136,146

5 mile

$129,177

1 mile

3 mile

$121,923 5 mile

BUSINESS 



TOTAL BUSINESSES

TOTAL EMPLOYEES

86

1 mile

333 3 mile

597

802

5 mile

1 mile

2,825 3 mile

5,119 5 mile

INCOME



$9,070



CONSUMER SPENDING (IN THOUSANDS)

 AVG HOUSEHOLD INCOME

$136,146 1 mile

$129,177 3 mile

$121,923 5 mile

$355,114 MEDIAN PROPERTY VALUE

13

14

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Aerial

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Site Plan

15

16

Rosauer’s & Brewed Awakenings | Ridgefield, WA

Ridgefield, WA Ridgefield is a city in northern Clark County, Washington, in the United States. The population was 10,319 at the 2020 census. Located within the Portland metropolitan area, Ridgefield is notable for the significant Native American history and connection to the Lewis and Clark Expedition. It is also the headquarters of the Ridgefield National Wildlife Refuge, a primary reserve for migrating waterfowl on the Pacific Flyway, and the home of the Ridgefield High School “Spudders” (reflecting the area’s potato-farming heritage).

Downtown Ridgefield is also the City’s civic center with City Hall, the post office, community library, community center and police station. Downtown also offers four community parks including Overlook Park, Davis Park, Abrams Park and a Community skate-park. A self-guided Historic Walking Tour of Downtown Ridgefield was created for the City’s centennial in 2009 to help residents and visitors explore Ridgefield’s rich history.

Rosauer’s & Brewed Awakenings | Ridgefield, WA

The area has important ties to the Lewis and Clark Expedition of 1804–1806, being close to the Chinookan town of Cathlapotle, then a settlement of 700–800 people, with at least 14 substantial plank houses. The community’s ties to the Chinookan people was commemorated by the construction of a replica of a Cathlapotle plank house at the nearby Ridgefield National Wildlife Refuge, which was dedicated March 29, 2005.

The town was formerly known as Union Ridge, named by the many Union veterans among the first large wave of settlers after the Civil War and was renamed Ridgefield in 1890. The town’s original name is preserved in the name of Union Ridge Elementary School.

Ridgefield was an important trading center as early as the 1860s with its key location near the mouth of the Columbia River, and the city was officially incorporated on August 26, 1909.

U-Haul, an American equipment rental company, had its start in Ridgefield in 1945.

According to the United States Census Bureau, the city has a total area of 7.18 square miles.

Parks in Ridgefield include Abrams Park, Community Park, Davis Park, and Overlook Park.

The Ridgefield Veterans Memorial is adjacent to Community Park.

17

Rosauer’s & Brewed Awakenings | Ridgefield, WA

ROSAUER’S FUEL STATION & BREWED AWAKENINGS DRIVE THRU RIDGEFIELD, WA

EXCLUSIVELY MARKETED BY: BLAKE D. FEDERINKO  360.823.5111  Blake@MAJCRE.com

MICHAEL A. JENKINS  360.823.5102  Mike@MAJCRE.com

18