Van Mall Court

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.

MAJ COMMERCIAL REAL ESTATE

MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant

Net Leased Investment located in Vancouver, Washington. The property is leased to The Vancouver Rehabilitation and Therapy Clinic with a lease through 2026 and an option to renew a 5-year term. The site is ideally located less than a mile from both the I-205 and SR-500 freeways. The property is located adjacent to the Vancouver Mall and is surrounded by additional retailers such as, TJ Maxx, Red Robin, Chk-Fil-A, Dutch Bros, Starbucks, Olive Garden and much more.

Lease Summary

PROPERTY ADDRESS:

9430 Vancouver Mall Drive

Vancouver, Washington

GUARANTOR: Personal

OWNERSHIP TYPE: Fee Simple

TERM: See Enclosed Rent Roll

EXTENDED TERMS: 1, 5-Year Option

LEASE TYPE: NNN

LANDLORD RESPONSIBLE: Roof and Structure

LEASE EXPIRATION DATE: December 31, 2026

Vancouver Rehabilitation and Therapy Clinic was founded by Dean Barrus PT in 1984. Since that time the practice has grown to three offices throughout Clark County, WA.

Our Washington physical therapy clinics are recognized as leaders in patient care and our opinions sought after by many specialists in the greater Portland/Vancouver Area. We have succeeded in offering kind, educated, and compassionate care to our patients. People can expect to be treated with respect and kind professionalism when they are seen at our facilities. Mr. Barrus has been very selective as he has employed therapists and expanded the practice. “People and relationships come before programs or expansion goals”. Because of this attitude, we welcome back most all of our patients or their family members who have another need for physical therapy services with high employee tenure and loyalty. Patients and professionals alike value interaction and healing in this positive atmosphere.

Property Summary

$3,795,000 PRICE

5.61% CAP

Rent Schedule

$213,050 NET OPERATING INCOME

5.61% CAP

Site PlanSite Plan

Vancouver, WA

Vancouver is a city on the north bank of the Columbia River in the U.S. state of Washington, located in Clark County. Incorporated in 1857, Vancouver has a population of 190,915 as of the 2020 census, making it the fourth-largest city in Washington state. Vancouver is the county seat of Clark County and forms part of the Portland-Vancouver metropolitan area, the 25thlargest metropolitan area in the United States.

The Vancouver economy is characterized by border economics with neighboring Portland, Oregon. The state of Washington levies no individual or corporate income taxes and levies a property tax below the national average and a sales tax above the national median. The State of Oregon has even lower property taxes and no sales tax but one of the highest state income taxes. As a result, many Vancouver residents prefer to shop in neighboring Portland where they do not pay sales taxes, then live and work in Vancouver where they do not pay state income tax. For the same reasons, the city is popular with retirees.

MALL

NEFOURTH PLAIN BLVD

SUBJECT PROPERT